Q. You responded to a recent question regarding someone retiring from the Senate at age 50 with 21 years of service. He asked if he would be eligible for the special retirement supplement at age 56. You responded by saying yes if he was FERS. If I work for the Postal Service and have almost 28 years, am 58 years of age, and am under FERS, would I be eligible for the supplement if I retired?
Browsing: annuity reduction
Q. I will be eligible to retire in 2019 at age 56 with 33 years of service. Will I be penalized? And, if so, what percentage would it be?
Q. I am a pure CSRS employee. How do I know how much an offset would affect my annuity? I have five years of military service and no other job except federal service; CSRS retired after 38 years including military. Never paid Social Security after military service.
Q. I retired in 2006 after 39 years of federal service under CSRS. I receive a retirement annuity every month. I’m doing some contractor work and have over 10 years under Social Security. If I apply for Social Security benefits, will my CSRS monthly annuity be decreased by the Social Security amount? If so, what benefit is it to pay Social Security taxes if I won’t ever apply to receive them? Also, do you have to pay this tax?
Q. I am a CSRS employee with 32 years of service. I am 52 years old. Under a Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay program, could I apply for early retirement and not be penalized for the years before age 55?
Q. I retired with a pension (active duty) from the Marine Corps and now work for the Defense Department. I plan to retire from DoD under FERS. Will I get both pensions without an offset? Will I also draw my full Social Security at 67?
Q. If involuntary separated (reduction in force) from civil service with 10 years of service and 56 years old (minimum retirement age eligible), am I forced to file retirement under MRA with 30 percent penalty and draw no severance pay, or can I collect severance and MRA retirement with penalty?
Q. If I retire under FERS (MRA +10) and defer the annuity to a later date to avoid minimum retirement age penalties, can I change the date I am scheduled to receive the annuity if I end up needing the funds earlier than originally planned?
Q. I recently entered a federal job after separating from the Air Force. If I buy back my three years of active-duty time, do I only need to complete two years of actual federal service to reach the five-year minimum for an immediate retirement at age 62? I understand that this retirement benefit would only be 5 percent of my high-3 pay.
Q. Overview: I began in the Air Force Non-Appropriated Fund in 1996, enrolled in NAF retirement plan in 2000, ported to GS in 2005 with deferral of my NAF retirement (calculated at 5.27 yrs) and entered FERS. My current GS position will be abolished in 2014 (at nine years FERS). I have the potential of porting into a NAF position. I wish I had just retained NAF retirement, but lack of research and misguided human resources recommendations led me to where I am with a split retirement outlook. Given my FERS time will total only nine years at abolishment, if I move…