Browsing: FERS

Q. I am a FERS employee and retired from the military. I’ll have 18 years of service by the end of August 2017. I never bought back my military time. Is that something that I can do now, or is it too late?

Q. I am retired 23 years from the military, working now as GS and did not buy back time. By the time I am eligible for full retirement at 67, I will have about 15 years in FERS. Am I entitled to military, FERS and Social Security separate payments?

Q. There has been talk that the FERS supplemental is going to be done away with. Will it be replaced with another supplemental? What was the purpose of the supplemental in the first place? The cost of living has not gone down — it continues to go up each year. FERS employees will need some to bridge the gap before they can draw Social Security.

Q. I am in my 11th year of federal service under FERS with the Department of Veterans Affairs. I plan to take a break from federal service and accept a private sector job for at least two years; but I eventually plan to return to federal employment in the future. 1. Can I leave my TSP account unchanged for the interim, or will I have to roll it over elsewhere? 2. Once I return to a federal job, will I have to have at least five continuous years yet again to be eligible to continue my FEHB coverage when I retire? 3.…

President Trump said: “We are proposing a budget that will shrink the bloated federal bureaucracy — and I mean bloated — while protecting our national security.” If the new administration carries through on his promise, there will be widespread staff reductions. However, some agencies will increase, sometimes substantially. So, if you left government through retirement or resignation, you may want to consider returning to the public sector.

Q. I am under FERS disability retirement with 23 years of service at age 49. I was told by the Office of Personnel Management that at age 62, my 23 years would be bumped up to 32 years — the difference between when I left and when I turn 62. So would it bump up my FERS retirement at age 62? Is this correct that it would be reconfigured at a higher annuity?

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