Q. I retired from the Department of Housing and Urban Development on Jan. 3, 2007, after working there for 33½ years plus 1½ years of credit for accumulated sick leave. I elected to provide full survivor’s benefits to my wife. Can I determine what my annuity would have been had I not elected to provide full survivor’s benefits to my wife? I know this information was provided to me before I decided to retire, but I cannot locate those documents.
Browsing: annuity reduction
Q. I am retired under CSRS. I am 60. I have four years of military time that I have not paid back. I have 22 quarters of Social Security. If I start working in the private sector, I will not acquire 40 credits by my 62nd birthday. Can I still have my CSRS retirement reduced if I acquire 40 credits after my 62nd birthday?
Q. My husband worked for the government for 25 years under CSRS and receives a pension. When he retired, we applied for spousal benefits because I had no qualifying employment. He then went to work in the private sector and will complete his 30 years of substantial earnings for Social Security next year. When he retires, he will receive another pension from his private job. As we understand it, we should not be affected by the windfall elimination provision. However, we are confused by the government pension offset. Will he not be entitled to draw his full Social Security at…
Q. In 2015, I will reach my minimum retirement age (56) with 26+ years of creditable FERS service. If a VERA is offered any time that I’m 56 to 60 (when I will have reached full age and time requirements) would I get the special retirement supplement until age 62? If yes, then from 56-62, I would get: FERS immediate annuity (no penalty under a VERA) Thrift Savings Plan annuity (no penalty under a VERA) special retirement supplement (under a VERA). Also during these years there is really no cost-of-living adjustment for any of the above, correct? Also, under a…
Q. I was allowed to go back into CSRS after an 18-year break in service even though I cashed out of it in 1991, with eight years of service. I can pay the redeposit back and have 12 years of service, if that is the wise thing, but I am waiting to see if I get a permanent job when this temporary job expires in 2014. Since I am only 54, I am beginning to wonder if I should have gone back into CSRS, because if I can’t find another federal job, and it is looking difficult with the budget…
Q. My wife just resigned from the U.S. Forest Service. She is 44 with more than 20 years of service. Did she lose all of her retirement, or is she still eligible to receive a portion at the reduced rate of 5 percent? She was always in a position covered under firefighter retirement, eligible at 50 to retire. Also, is she still eligible for health benefits?
Q. From 1983 to 1985, I worked part time for the USDA. I was a student at the time, so when I graduated, I left for a job in the private sector, and my retirement deductions were paid back to me. I was later hired by the Department of the Army, where I have been ever since. I recently made a service deposit for my USDA time. I served with USDA for 25 months, but the part-time hours add up to 15 months full-time equivalent. Will this add 15 months or 25 months to my FERS pension?
Q. Consider a retired federal employee who was married and has chosen a spouse survivor benefit at the time of retirement. If the spouse dies and the annuitant remarries: 1. Are further annuity reductions needed to cover the new spouse? 2. Is the nine-month waiting period still required? 3. If the original survivor benefit was less than full, can the benefit be increased (with increased annuity reduction)?
Q. I am under CSRS offset. I am going to retire in three years at age 62. I know my government pension will be reduced by $213 when I turn 62. According to my Social Security statement, I should receive $888 if I collect at age 62. It states: “At your current earnings rate, if you continue working until 66, you will receive $1,366 a month.” What happens if I don’t collect Social Security at age 62 and wait until full retirement age? Will I receive $1,366 a month minus the $213 offset reduction, minus the windfall elimination provision? (I…
Q. I am an FERS GS with four years until I get my 20 under 6(c) law enforcement officer and a year and half after that until mandatory retirement. I have been offered a 6(c) job overseas — how is the high-3 calculated? Is it on the base level GS schedule (plus LEAP) I actually earn, or is it based on a modified amount of what I would have earned in DC — which is how the overseas postings on Foreign Service retirement seems to work? I am pretty sure all the COLA, post allowances and danger pays don’t calculate…