Q. I have 14 years and 8 months of active Army service. In 1993, when Regan was initiating draw down of troops and instituted SSB (Service Separation Bonus), I received a Service Separation Bonus in 1993’s drawdown of $40,000 before taxes and separated from the Army in Sept. 1993. In June 1995, I entered the federal service as a full time Civilian Government Employee working for the Army Material Command where I work today. At the end of this month, I will have 18 years and 9 months as a federal government worker. I am currently 56 years old. Would it be more beneficial to…
Browsing: PAY
Q. I retired from the USDA Forest Service at the end of PP-26 (1-11-2014). I had 442 hours of annual leave and 15 credit hours at the time of my retirement. All of this lump sum time was paid out at the 2013 pay rate. From everything I had read, I thought these hours should have been paid out at the 2014 (1 percent pay raise) rate. Should these hours been paid at the ’13 or ’14 pay rate?
Q. I am a federal employee (FERS employee from January 1988 to the present) who will likely be leaving federal employment for a private sector position in a different city. What happens to the following: 1. Can I either leave my money in the TSP account or roll it over; in any case, I am not touching the balance until I retire. 2. Am I correct that my retirement annuity freezes until I actually retire and that it would be based on the following calculation — years of service (.26) x the average of the high-3 annual salary? 3. Do…
Q. I will be 62 the end of June this year. I am in FERS, would like to retire this year and am trying to make a sound decision regarding what date would be best. 1) I have 918 sick hours accumulated. Will they convert 100% into service time? 2) When trying to calculate how much I will get for retirement, is it based on basic pay or total pay with locality adjustment? 3) Is there any penalty if I retire at age 62 if I have less than 20 years of FERS service? 4) Is there any offset with…
Q. I would like my FERS retirement monthly benefits direct deposited to my overseas account. What foreign countries does OPM allow direct deposit of retirement benefits? Is the Philippines on the list?
Q. If someone is reinstated into a federal position, is it the same step as well as grade that they were when they resigned? I have 15 years additional professional experience since I resigned from the federal government. When I resigned I was a GS-11, step 4. However my current salary with a defense contractor is in line with a GS-11 step 10 salary. If I am reinstated, am I entitled to be compensated as close to my current salary without exceeding it or at the step I was at when I resigned (GS 11 step 4).
Q. I worked for the federal government as a FERS employee for 14 years and then took a buyout and left my position. Will I receive my full pension at age 62 based on my high-3 at the time I left?
Q. I worked from 4/1987 through 8/1998 as an Architect/Engineer SR with the USPS. I resigned with a good record. I have a form 50 that states my service which I submitted when I applied. I recently was hired to a new position. I cannot get a clear understanding about my retirement, my vesting and if I have a probationary period and how long it is. I was not reinstated. I was FERS, and I never took my basic .8 contribution out. I did transfer my Thrift Savings Plan to a private brokerage account. They used the .8 to continue…
Q. I retired from the federal government in 2007, receive an annuity and would like to come back to work for the federal government as a rehire. Federal job applications have a section entitled “Who May Apply.” If the position advertises for “United States Citizens,” am I eligible to apply as an annuitant?
Q. I am 58 years old and employed by the U.S. Post Office. I have a traditional Thrift Savings Plan account and would like to start contributing to a Roth TSP. I cannot withdraw the Roth portion (without penalty) until five years after my account is opened, what happens if I want to withdraw some of my traditional TSP at age 60? Will the withdrawal include amounts from both the traditional TSP and the Roth?