Q. I am under FERS and will be 61 years old in July 2016. I will have 25 years and 4 months of service under my belt. Will I still lose 5 percent for being under 62 years of age if I retire in July 2016?
Browsing: FERS annuity computation
Q. I am new to the federal government. What is the benefit of my retirement plan (FERS Code KF)?
Did you work under either Civil Service Retirement System or Federal Employees Retirement System, leave government, withdraw your retirement contributions, and then come back to work for the government? If you did, when you retire your annuity will be reduced unless you redeposit that money, plus accrued interest. Should you make that redeposit or not? I’ll help you find the answer that fits your situation by explaining who is eligible for an actuarial reduction and how to find out whether that reduction is a better deal than making a redeposit. First, let me spell out the redeposit rules. CSRS and…
Q: I retired from federal law enforcement at age 53 after 25 years service in 2009, and began to receive the FERS annuity supplemental. I worked in private industry from August 2009 – August 2010, and again from November 2011 – September 2014, during which time my FERS supplement was justifiably reduced and then stopped. I have not worked since October, 2014 and would like to re initiate the Supplement. Question; how would I do that and will I receive the supplement retroactively from January 2015 to present?
Q. I am a 0.40 full-time equivalent FERS employee (part time) for 20 years with an additional five years of repurchased military time for a total of 25 years. How will this affect the formula (0.01 x high three salary x years of service) for annuity pension when i retire?
Q. I recently retired from CBP as a FERS retiree at 67 years of age. I want to take a six month, 1,039 hours job as a Ranger/guide at the local National Park. It seems I will lose my National Park Service salary because of my CBP annuity and basically be working for free. Is this correct?
Q: Mr Jones what is the special retirement supplement? I am 58 and am resigning and postponing my retirement annuity. Am leaving my tsp until I understand how to transfer to my new job.
Q. I’m a FERS retiree who is receiving the special retirement supplement. Is it true that if I did nothing at age 62 that the special retirement supplement would stop and all I’d get is my FERS annuity?
Q. I am a FERS employee and had nine years of active-duty military time and 11 years of reserve before becoming a federal employee. I bought this active-duty time back. Now I have 16 years as a federal employee and the nine years of military time. My understanding is that under FERS, the military time is creditable service up front (I have 25 years of creditable service for retirement purposes). Is this correct? At 60 years old, I’m receiving military retirement. Do I need to waive my military retirement in order to receive FERS retirement or have two separate retirements?
Q. I retired in 2004 after 21 years of federal employment on disability. Now that I’m 63 years old, I’m being told I am considered eligible for regular retirement. Has my age and time of service been used to calculate a different pay schedule?