Browsing: FERS annuity computation

Q. I served 15 years and nine months active duty with the Air Force. I received an honorable discharge and $58,608 as part of an early release program special separation benefit during a reduction in force in 1994. I am considering accepting a government position and would like to know how/if my prior military service can be applied to leave accrual, as well as federal retirement?

Q. I separated from federal service in 2007 after 19 years in FERS. At the time of separation, I withdrew my Thrift Savings Plan contributions. I am considering returning to federal service. I was born in 1961. If I return to federal service, what will be my minimum retirement age? Are there special service requirements for reinstated federal employees? Am I required to return funds I withdrew from the TSP? If not required, is it still possible to return TSP funds that were withdrawn and deposited in another 401(k)? How will my FERS retirement annuity be calculated? Where can I…

Q. I am 63 (as of March) and I worked for the Veterans Affairs Department for 13 years (1993-2005); I now work for a private university medical center. I was under FERS. Can I “retire” from VA now, and receive the FERS benefits even though I am employed full time? Should I contact the human resources department at my former VA hospital?

Q. I am a FERS employee and retired military. I have bought back my military time (22 years and one month), and am getting concurrent retirement and disability pay). When it comes to retirement, do I waive my CRDP or is it something else? I also get Veterans Affairs Department disability pay. When you retire with MRA+30, is you formula always 1 percent x years of service or does it change when you hit 62 (1.1 percent x years of service as your retirement amount)?

Q. I am 43 and recently was retired on FERS disability from federal service due to multiple sclerosis. I know that a person can’t make over 80 percent of their base pay and not have their retirement suspended. I have three questions: 1. When they say base pay, is that just the general base pay for everyone, or does that include the locality pay? I’m in San Francisco. 2. If I’m able to be re-employed (nonfederal) and exceed the 80 percent threshold from this point forward, will I be able to get my federal retirement at age 62? 3. If…

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