Q. I retired on disability in 2008 in a 6(c) (law enforcement) position. I would have been eligible to retire this year (at age 52) had I not become disabled. When will my retirement be recalculated since I fall under the age 57 mandatory retirement?
Browsing: High-3
Q. I am confused about sick leave and how it is computed to determine your basic annuity. 1. Is it credit for time served, or does it convert to a monetary value added to your high-3? 2. What are the benefits associated with carrying sick leave into retirement? 3. Is it 100 percent creditable for all sick leave as of January 2014, or is there a way for them to differentiate what leave will receive 50 percent and what leave will receive 100 percent?
Q. I am under FERS. I am 65 years old with 26 years of federal civil service time. I am thinking of retiring sometime shortly after my 66th birthday in July 2014. Can you help me figure out what my monthly annuity amount would be?
Q. I am a FERS employee being considered for the 60/40 disability retirement. When calculating the amount the person receives based on the high-3 average, is locality pay included? Also, if locality pay is included, is the disability payment adjusted if the person moves to a different locality?
Q. If I apply for CSRS medical disability retirement, what is the difference vs. a regular retirement? Would I be taxed at the same rate?
Q. I am 61 with 32 years of service and turn 62 in October 2014. Is there any way to avoid the lower multiple of 1.0 percent of the high-3 times years of service computation that is used for those retiring before age 62? I would like to retire in the spring or summer.
Q. I am a GS-14, step 10, 1811 law enforcement officer. I work in the national capital region and receive Law Enforcement Availability Pay. My pay exceeds the annual federal pay cap, and approximately $650 per pay period is deducted from the amount of LEAP to bring my gross biweekly pay within mandatory limits. By law, my high-3 will be calculated using the actual pay an employee receives, the amount from which retirement deductions are taken. This means the excess pay that is withheld is not used in high-3 calculations. However, what happens to the excess funds that were earned…
Q. What is the difference financially between discontinued service retirement and disability retirement? I am 55 with 25 years of service under FERS. My high-3 is as a GS11-07.
Q. 1. If I have previously “bought back” active-duty time, believing I would continue in the civil service system, and later qualify for an active-duty retirement utilizing the time bought back plus additional active-duty time accrued to equal 20 years, will the buyback amount I paid be refunded to me? 2. If I am later eligible to retire from federal employment based on total years in civil service (say, 20 years), am I required at that time to waive my military pension to have my military and civilian time recomputed to receive the combined total federal service time toward my…
Q. I am in the Department of the Interior Bureau of Reclamation. I will have 30 years of federal service on Feb. 2, 2016, and will be 60 on Jan. 24, 2016. My minimum retirement age is 56. The Office of Personnel Management’s Web page says if you retire before 30 years service or MRA, your pension is reduced 5 percent for each year unless you have more than 20 years service and your benefit starts at age 60 or later. Does this mean that if I retire at age 59 but defer pension until I am 60, my pension…