Q. I have 27 years of service and am currently employed with the federal government. I am 52 years old and was born in 1965. If I decide to leave before reaching 30 years of service and take a reduced annuity upon reaching my minimum retirement age, will the penalty be 20 percent in each of the four years before reaching 60, or will the penalty get reduced as I get closer to 60?
Q. I have worked since I was 14. I am now just about to turn 50. I have been a hard worker during my life and my body just cannot take it anymore. I have made between $30 and $110,000 a year. My wife works and makes decent money. What are my options? I have not worked for the last two years.
Q. I was informed by my local human resources and retirement benefits representative that under FERS, with 30 years of credible service, I am eligible for retirement at any age (I am age 50, with 20 credible years of service) without reduction in annuity payments. Does this seem correct?
Q. I think I joined the federal workforce way too early. According to my service computation date, I will have reached 30 years on Aug. 8, 2018 — mere days after I turn 49 — and I’m guessing my earliest possible retirement date will be Dec. 31, 2018. Of course, this is all information I have gleaned from my research. My somewhat pessimistic guess is something will change that retirement date between now and then and kick it down the road beyond Dec. 31, 2018. What do you think?
Q. I just received my 2016 personal statement of benefits from the U.S. Postal Service and my date of retirement eligibility is Feb. 10, 2019.. I’ll be 56 the next day, which is my minimum age of retirement. My total creditable service will be 29 years and five months. Do I get full retirement benefits, annuity, and a Social Security supplement or MRA + 10, since my creditable service is under 30 years?
Q. What is the difference between FERS retirement and federal disability retirement? If there is a difference, can they be combined? I have seven years of service. Is it more beneficial to push until at least 10 years of employment with Veterans Affairs? I am 54 years old and sick.