Q. I separated from federal service in 2007 after 19 years in FERS. At the time of separation, I withdrew my Thrift Savings Plan contributions. I am considering returning to federal service. I was born in 1961. If I return to federal service, what will be my minimum retirement age? Are there special service requirements for reinstated federal employees? Am I required to return funds I withdrew from the TSP? If not required, is it still possible to return TSP funds that were withdrawn and deposited in another 401(k)? How will my FERS retirement annuity be calculated? Where can I…
Browsing: annuity reduction
Q. I am a postal worker under FERS, 56 years old with 29 years of service. I also have four years of military time, which I bought back. Will I get penalized when I retire?
Q. I am 50 years old with 26 years of federal service. Can I retire on my own on a reduced but immediate annuity without going through a buyout? I am a FERS employee.
Q. I am in CSRS Offset and will retire next year at age 60. I plan to start collecting Social Security as soon as I am eligible at age 62. As I will have only 23 years of substantial earnings, my Social Security will be subject to the windfall elimination provision. Is the offset to my CSRS pension at age 62 calculated on the Social Security amount before or after the WEP reduction?
Q. I am a CSRS employee planning to retire at the end of the year and planning to elect less than a full survivor benefit. We have an adult daughter disabled at birth. If I select this option, will she still be eligible for her survivor benefit? If so, how much?
Q. Under CSRS Offset rules, if the survivor/widow’s Social Security benefit is based on her own earnings and not her deceased spouse’s, then OPM does not adjust Social Security to CSRS and she gets 55 percent of regular CSRS, with no Social Security adjustment. That’s pretty straightforward in the OPM booklets discussing CSRS Offset. It gets tricky for planning if the widow’s Social Security is based on the deceased’s Social Security. In other words, my CSRS Offset husband will get a higher Social Security benefit than I. If he dies first, I will then receive a Social Security survivor benefit…
Q. I am 51 and was born in 1961. I work in FERS. My MRA, I believe, is 56. I have 28 years in federal service. Will I get an annuity if I retire now before my MRA? If I do get an annuity, how big a reduction will it be from the pension I would get if I retired at 56? Also, I have seven months of sick leave. Do I lose it all when I retire, or does it get applied as service credit?
Q. I am planning to retire under CSRS next year with 38 years’ service. My husband retired from private industry and receives Social Security. If my husband predeceases me, will I receive his survivor annuity, or will it be subject to the windfall elimination provision and be drastically reduced?
Q. The Postal Service has sent me a letter stating advance notice of my being reassigned because of reorganization, transfer of operation. If I am offered a position outside of 50 miles of duty station, would I qualify for discontinued service retirement? The Office of Personnel Management states DSR rules on commuting as 50 miles. If it’s over 50 miles, could I retire under a DSR and receive an unreduced annuity and the special retirement supplement? Would I have to wait until I got my separation papers, or could I put in for retirement once I got my reduction-in-force notice?…
Q. I am losing my job effective Sept. 30 because the agency I work for is closing the field office I work in. I am a FERS employee and will have 27 years and three months of federal service. My age at closure will be 57. I will be placed in discontinued service retirement status. I have been informed that I will be receiving a FERS supplement even though I have less than 30 years of service. If and when I find another federal job, what happens to my FERS supplement? Also, if I lose that job for any reason,…