Q. I am a federal law enforcement officer with 6(c) retirement under FERS. Are law enforcement officers with 6(c) retirement eligible for early outs earlier than 25 years at any age or 50 years of age with 20 years of service? If so, what are the requirements?
Browsing: FERS annuity computation
Q. I have over 1,000 hours of accrued sick leave and I am eligible for retirement in August 2014. How should I use it?
Q. I have 11 years as an 1811 and am considering moving into a noncovered position. I know I will ultimately have to do 30 years, but how will my 11 years as an 1811 (6c covered) be calculated? Will the first 11 years be counted at 1.7 percent and the remaining 19 years at 1 percent per year?
Q. I worked for the Department of Justice from 1989 to 2003 under FERS. I have worked in the private sector since that time. I will be 62 in 2015, at which time I think I qualify for a retirement annuity. Can I do all of the following: 1. Receive a FERS annuity based on my high-3 salary; 2. Continue to be employed in the private sector; and 3. Leave my Thrift Savings Plan money where it is for now. Is there any reason not to do this, or any value in deferring this? My impression is that the annuity…
Q. I work under FERS. On March 13, 2014, I will reach my minimum retirement age of 57. I will have 29½ years in. I also have six months of sick leave. Can I use my sick leave to get credit for 30 years of service and retire six months early?
Q. I retired in December 2010 after 35 years of federal service. I recently accepted a part-time position working 32.5 hours a week at my local post office. Nobody at the Office of Personnel Management nor the Postal Service can advise me on how this will affect my pension. I earn $90,000 in annuity, and the job I accepted pays $22,000 per year.
Q. I have approximately 12 years as an 1811 and am considering leaving the covered position for another position within the federal government with no special provisions. I understand if I do that, the time spent in the noncovered position is calculated at standard rate, but when/if I retire under traditional FERS coverage, will my first 12 years as a law enforcement officer be calculated at the LEO rate and then the rest at the standard rate? So will my retirement be calculated in a sort of hybrid mix of FERS LEO and regular FERS?
Q. I worked for the federal service from 1993 to 1995. I left the service and worked for a private firm. Then in 2005, I came back to civil service. Will those years (1993-1995) count for retirement? In my SF-50 under “Retirement Plan,” I have FERS and FICA the letter K. In my leave and earnings statement, I see that I was paying for both.
Q. I found out from the Office of Personnel Management that the end of the leave year in 2021 will be Saturday, Jan. 1, 2022, and for 2022 will be Dec. 31, 2022. I will have age and time in 2021 as I will be 62 and seven months with 29 years service. It looks as though I may have two years in which I could retire and still get an entire year of annual leave. I am a FERS employee and my tour of duty is Monday through Friday normally. Am I correct in my assumption that I would…
Q. Is there a basic FERS retirement scale at each GS level with number of years? Total retirement received by number of years?