Q. I have worked for the Postal Service since 1985. I did not reach career status until January 1994, when I became postmaster in my Level 11 office, so the 8½ years prior do not count, unfortunately. I have worked here my entire career. In September, it will be reduced to a Level 2 and I will not be allowed to stay. I would like to take the Voluntary Early Retirement Authority being offered. Will I be penalized the customary 5 percent per year under 30 years? I am 55 and, as of Jan. 22, have 20 years of career…
Browsing: annuity reduction
Q. I received an “early-out/buyout” in 2006 with 22½ years of service prior to my minimum retirement age. I was age 46 at the time. Will I be eligible to receive any FERS annuity once I reach my minimum retirement age?
Q. Would I be penalized if I am a FERS employee, 49 years old with 26 years of government service. I just got a GS-11 job, so I do not have a high-3 at that level. My high-3 is at the GS-7. My job is offering the Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay. Can I go out with no penalties?
Q. I worked with the state as a wildland firefighter for 13 years. I am now considering a secondary position. From my understanding, this would not be a 20-year position for me. What would the retirement time be? 25/30?
Q. When I retire under CSRS, I will not have state taxes taken out of my check. How do I know how much to pay the state? Do I pay quarterly or yearly? Where do I find the information?
Q. I am covered by FERS. At my minimum retirement age of 56, I will have 28 years of federal service and approximately one year’s worth of unused sick leave. My understanding is that if I retire at that point, my annuity will be reduced by 35 percent – 5 percent for every year I am under 62. Is there any way I can avoid this age reduction to my annuity other than: 1. Continuing in federal service until I am 58, at which point I will have 30 years of service without counting any unused sick leave, or 2.…
Q. I served three years on active duty from 1966 to 1969. I was hired as a federal employee in 1970. I retired in 2009 at age 61 and not eligible at that time for any Social Security benefits. I did not buy back my military service because of the provision under section 22A5.1-3G of the CSRS/FERS Handbook, where it states that “employees who retired prior to age 62; and are not eligible for Social Security at age 62; continue to receive credit for the post-1956 military service even if they become entitled to Social Security at a later date…
Q. When I retire, is there a period of time I have to wait if I want to work as a contractor for the government? Is this a standard rule/law or does it vary by agency? Will working as a contractor for the government affect my retirement annuity and/or special retirement supplement?
Q. I retired Oct. 2, 2007, on CSRS Offset at age 56 with 31 years in. From 1977 to 1991, no Social Security insurance was taken out of my pay. I left the Postal Service in 1991. When I came back in 1994, I was placed in CSRS Offset. After retiring in 2007, I went to work for Home Depot at age 61. I went on SSI disability. At age 62 in October, SSI sent me a letter stating my payment is reduced because of offset. Is this correct? Even though I’m on SSI disability?
Q. I retired Feb. 28, 2013, at my minimum retirement age with 13 years. Can I be rehired in another position to get my 20 years in? I was a rural mail carrier.