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?
Q. I live in a state that does not tax Social Security (including supplements) and allows a $6,000 deduction of pension income (FERS). Is the FERS supplement portion of my pension exempt from state income tax as well?
Q. I am 52 years old with 30 years of federal service under my belt. There is a possibility my agency will do away with my position. What are my options should this happen? I am not in a position that I can relocate to another area. Will I lose my FEHB if my position is abolished and I cannot find another federal job? Will I be eligible for immediate retirement even though I don’t meet the MRA requirement? FEHB is the only health insurance I have. My husband does not have a health insurance plan. Do I still qualify for…
Q. I retired from the Federal Aviation Administration in January 2013 (after 33½ years) and began receiving my CSRS annuity. I am considering returning to the FAA in an executive level position. How will my annuity payments be impacted, if at all? Will I pay into Social Security or FERS?
Q. I recently attended a FERS retirement seminar and was told that buying back my enlisted military retirement is a bad idea because it would be close to $40,000 to $50,000. I have calculated my buy back on several online federal calculators and don’t come up with anything near that cost. I am calculating all of my active duty earnings from my entry date on active duty through my retirement date — 20 years and one month. I have included the 10 years of interest I have accrued as well since I did not buy it back within my first four years of…
Q. If a retired Federal Employees Retirement System employee at MRA at 56 years old is receiving the Social Security supplement, is the supplement reduced if that employee continues working another job?
Q. I will be retiring in 2016 and was considering Aug. 6 (since it’s the end of a pay period), but I have heard that it is best to retire on the first to the third day of the month. Can you give me the pros and cons of each scenario?
Q. I am a FERS LEO retiree who retired at age 52 with 25 years of government service. I am now 53 years old. Is it true that my wife can earn as much as she can over $15,720 without it affecting my Social Security supplement until I reach the MRA of 56? Also, must I request the Social Security supplement each year, or is it automatic?