Q. I am a Navy reservist with over 12 years of active military service. As I understand it, under the 2012 National Defense Authorization Act (retroactive to January 2008), any active-duty service over 90 days in one calendar year allows reserve retirement 90 days earlier than age 60. With over four years of active service since 2008, it appears I can retire from the military at age 56. I’ve been offered a GS job, under which I understand I can convert my active-duty time into FERS. If I elect to retire from the military at age 56, will this affect…
Browsing: FERS annuity computation
Q. I am a FERS employee. I am planning to do an immediate retirement (MRA +10). Date of birth: March 1952. Service computation date: February 1996. This gives me 17 years in FERS and well within the minimum retirement age. I would like to postpone the receipt of my annuity until my next birthday (62), eliminating the penalty. This should allow me to use all my sick leave for annuity computation. Is this possible?
Q. I am retiring in January with 36 years in. The last 6 were part time (20 hours per week). Looks like they are using my high-3 from the last three (part-time) years. After 36 years in CSRS, I’m getting basically 50 percent or less! You mentioned some court case where CSRS was found unlawful and they are using FERS calculations. Could you give me specifics so I can look up that case?
Q. I will reach my full retirement age of 66 before I have 20 years of service. I understand that I will receive credit for 100 percent of my unused sick leave (since I will retire after January 2014) for computing my annuity. If I were to retire with 19 years and 10 months of actual creditable service with an additional three months of unused sick leave, would that additional sick leave also result in my annuity being computed at the over-20-years-of-service factor of 1.1 percent x number of years service? Or would it remain at 1.0 percent unless I…
Q. Previously, I worked for the federal government and left. When I left, I received money from my leave. I returned to the federal government 10 years later. Is there any way I can pay back the money I received from my leave so that it could change my service computation date?
Q. I am currently a GS-15. I am thinking of taking a downgrade to a GS-14. I plan to retire at age 60 with 23 years of service under FERS. Will my high-3 be calculated on my highest three years at the GS-15 pay? I’ve been a GS-15 since 2008.
Q. I have 31 years of federal service with the National Park Service. I have 18½ years of law enforcement service (because the Firefighter and Law Enforcement Retirement Team took away four permanent years of law enforcement service). I will be 60 in September. Is it possible for the government to give me an early retirement and give me the last year of the 20-year retirement special pay (January 2014 instead of January 2015)? Or do I need to work the last year to get the 20-year special pay. The early-out and incentive payment may be offered soon.
Q. I’m processing my retirement application for this year. In the Application for Immediate Retirement (Form 2801), Schedule A refers to military service information. I have post-1957 military service (1976 – three years, honorable discharge) and first employed by the federal government (1966 – three years) prior to Oct. 1, 1982. I’ve read somewhere (and you also commented) that a deposit is not needed for these three years of service to be counted into my annuity computation. How do I answer Form 2801, Schedule A, 2, which asks if military service occurred after 1/1/1957 and if a deposit is made…
Q. I plan to apply for a deferred annuity under FERS, at age 60 with more than 20 years of service. I have been separated since 2007. Would my computation rate for the annuity be computed at .01 or at .011?
Q. I am under FERS and plan to retire in June 2015 after five years with the Veterans Affairs Department. Am I entitled to my unused sick leave? If I am, how is it calculated and how is it paid out?