Q. I will be 59 in July 2014. My SCD is 9/1/78. I have 13 years active duty military time that I bought back and 23 years Federal Civil Service time for a total of 36.9 years. If I retire at 59.5 in January 2015, would I be eligible for the FERS supplement based on Active duty and Federal Civil Service time, or should I wait until age 60 and I will have 23.6 years FERS time? I am completely confused about what to do and I am being told different things by my Personnel Office.
Browsing: FERS annuity computation
Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:”Times New Roman”,”serif”;} Q. I am planning to retire at the end of August. It is rumored that the FERS supplement will be discontinued. My retirement plans depend on the supplement being available when I retire. What are the chances that Congress will eliminate the supplement in the next six months? If I receive it and they discontinue it in 2015, will I continue to receive it? A. I’m not a fortune…
Q. I have 31 years in FERS, including seven years military buyback. I have an MRA of 58. I am 80 percent service connected VA. I am having issues doing my job due to service-connected and other disabilities acquired during my employment. Can I collect 100 percent unemployment and still retire FERS or do I have to file FERS disability?
Q. I am trying to get information regarding the buyback program. I served in the military for four years and got medically retired. I receive compensation from Veterans Affairs, so I thought that it would be a good idea to buy back my time. Could you tell me if this buyback is beneficial for a FERS employee?
Q. I had three years of federal service from May 2010 to June 2013, and left federal service. I also had four years of military service time, which I bought back. I have recently been hi ed for a part-time position with the federal government. If I work two years of part-time service, will I meet the five-year vesting requirement for FERS retirement? Also, will the two years of part-time federal service only count as one year toward the annuity calculation?
In my last two columns I described the kinds of active duty service in the armed forces that are potentially creditable in your CSRS or FERS annuity, and what you have to do to get that credit. This time I’ll quickly go over the rules governing the computation of CSRS and FERS annuities for most federal employees. That way you’ll be able to see what the difference would be between a pure civilian annuity and one that includes credit for active duty service for which you’ve made a deposit. Eligibility rules Under CSRS, you can retire immediately if you are…
Q. I will be retiring the end of May. My wife and I are both federal employees, and she will continue to work for another year and a half. We are both FERS employees. We’re on the fence regarding a spousal annuity. If I were to leave her a full spousal annuity, would I be able to change that to a partial at a later date?
Q. I retired at 52 under FERS as a law enforcement agent after 27 years of federal service. I immediately began my second career working outside federal government. My monthly annuity includes the FERS supplement. I reached my minimum retirement age of 56 last month, but the supplement is still included in my monthly annuity. I make more than the “needs tested” amount annually but am still receiving the FERS supplement. Should the FERS Supplement disappear the month following your MRA birth month? Is it removed by OPM automatically, or does OPM continue to pay the supplement? How exactly is…
Q. If my wife chose to retire now, at her minimum retirement age of 56 with 13 years of FERS service, would she be able to postpone her annuity until age 60? She currently carries FEHB (self), as long as she has had it the last five years, can I pick her up under my FEHB (self+1 or family) once she retires and then when she becomes 60 she can reinstate her own self-plan at that point?
Q. I am a FERS employee with the Defense Logistics Agency and have 22 years of service. I turn 50 on Sept. 30. I am considering deferred retirement when I turn 50. What penalties would be applied if my minimum retirement age is 56? I am 100 percent VA disabled total permanent, but not sure I want to go through another disability battle with OPM.