Browsing: annuity reduction

Retirement annuity after job switch


Q. I have recently retired from an air traffic controller job, collecting a retirement annuity from the government. I am 55 years old and was wondering if I can now get a job with another government agency (Homeland Security) and still retain my retirement annuity. Is there anything written about this, and where would I find it? A. Whether you can get a job with another agency is up to them. As a rule, your new salary would be offset by the amount of your annuity. However, there are limited authorities that allow an annuitant to receive both his annuity…

Conditions of new federal position


Q. I worked from 4/1987 through 8/1998 as an Architect/Engineer SR with the USPS. I resigned with a good record. I have a form 50 that states my service which I submitted when I applied. I recently was hired to a new position. I cannot get a clear understanding about my retirement, my vesting and if I have a probationary period and how long it is. I was not reinstated. I was FERS, and I never took my basic .8 contribution out. I did transfer my Thrift Savings Plan to a private brokerage account. They used the .8 to continue…

Law enforcement and SRS eligibility


Q. I am eligible for a 30-year retirement in July at age 50. If I do not get another job, I am eligible for a special retirement supplement due to the mandatory early retirement that federal law officers must take. If I don’t work for, say, six months and then get a job in the private sector and work two years, or if I get a job immediately upon retirement and only work a couple of years, will I still be eligible for the supplement after leaving the private sector?



Q. Does my wife have to sign up for Medicare? If so, when does she have to sign up? And, if my wife does not sign up for Medicare, will she incur any penalty? Scenario: I am a working FERS employee and my wife still works. She is not a government employee. I have self-and-family Federal Employees Health Benefits coverage. I am not yet age 65. My wife will turn 65 this year.

Sick leave and retirement


Q. I’m FERS and will have 28 years and nine months in at my minimum retirement age of 56. I have a sick leave balance of 2,819 hours (I’ve never used any sick leave in my whole career). I’m 54 now and will work at least until 56. My sick leave credit will give me more time toward my FERS annuity (approximately 30 years). Does the sick leave give me 30 toward the special retirement supplement if I go at my MRA, or do I need to work until I have 30 years of service, which is three years from…

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