Q. My wife left her government job a number of years ago and withdrew the money from her FERS account. She re-entered government service a few years ago. She then requested the redeposit amount required to bring her FERS account whole again. To make her FERS redeposit payment, she took a withdrawal from her IRA. We received a 1099-R from her IRA firm showing the withdrawal and we will need to report on our taxes as income. Since the money went back into FERS, can I deduct that amount as if it were being rolled over into an IRA?
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Q. I’m a GS-13/Step 10. What happens in within-grade increases when I go beyond the 156-week automatic step increase period?
Q. I retired from CSRS in 2005 at age 57 and 32 years of service. I elected to provide survivor benefits to my spouse at retirement (55 percent). We were divorced Sept. 16, 2013. However, I have elected to continue to provide survivor benefits for her. Are those survivor benefits tax deductible?
Q. I am looking at retiring in January 2015. I will be 56 years old Oct. 15. I will have 30 years in as of Dec. 24. Waiting until the end of leave year to cash in all available annual leave. I am looking at cashing out my Thrift Savings Plan in a lump sum to pay off all debts. Will that income be considered part of earned income so that the special retirement supplement is reduced? If so, would it be in my interest to retire at the end of 2014 so that my annual leave hits that year…
Q. I entered federal service under a temporary appointment on March 16, 1981, until being converted to a career-conditional appointment on Jan. 12, 1982. The Office of Personnel Management has calculated that I owe a CSRS pre-10/01/1982 deposit of $878.88 and interest of $1,398.85 for a total of $2,277.73. If I understand it correctly, unless I pay the deposit in full, my annual annuity will be reduced by 10 percent of the amount of the unpaid balance at retirement. In this case, my annual annuity would be reduced approximately $227.77 or $18.98 per month. Does this reduction ever change? Are…
Q. I moved to another state and need to change my address and state tax distribution. Unable to contact them by phone.
Q. I am 57 with 22+ years of service with the Veterans Affairs Medical Center. I’d like to find out what my FERS balance is and what would be the best time to start an annuity. I served from 1989 to 2010 + two years active military bought back.
Q. I am a military technician who is reaching age 60. At that time, I will only have 16 years civil service. Will I receive a full retirement with the special retirement supplement? Or will it be a reduced retirement?
Q. I am CSRS with 33 years of service at age 52. I am considering a Voluntary Early Retirement Authority offer and understand the annuity is reduced 2 percent for each year under age 55. Is this a one-time annuity reduction at time of retirement, or is the reduction computed every year against the inflation-adjusted annuity?
Q. I’m 52, and I’ve been on FERS disability retirement since I was 47. My minimum retirement age is 56. Is it true that they’ll stop withholding federal income taxes on my pension when I reach my MRA? Is it also true that I’ll be switched to regular retirement when I reach my MRA, and not when I reach 62?