Q. Recently, a colleague and I were reading your Dec. 2 article “Don’t let these 5 mistakes disrupt your plans.” Your statement on number 5 (not accounting for the government pension offset) leaves us wondering. We are under CSRS and retiring this month. Her husband is still working and will be eligible to draw Social Security benefits when his time comes to do so. Your statement indicates that when he draws Social Security, her CSRS annuity will be reduced. REALLY? I know that if he draws Social Security and dies, she eligible to receive his Social Security, but her pension with…
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Q. I am 46 years old and coming up on 23 years of federal law enforcement service. Under our retirement calendar, we must retire at age 57. I could retire voluntarily at 49 with 25 years of service. I am considering a disability retirement due to a recent injury that has left my body, which has had many prior on-the-job injuries, racked with pain, and I can no longer perform my job. Will the following years that will count into my federal total time in service, once on disability retirement, continue until my 57th or 62nd birthday under normal retirement…
Q. As a FERS employee, when I turn 56, will my special retirement supplement be reduced based on my retirement income? Or is that only reduced based on if you work somewhere else earning wages? My understanding is that, when I retire at 56 I will get the following for my retirement: 1. Years of service percentage based on salary — for example, 30 years of service at a $100,000 salary will get $30,000 a year. 2. Annuity from Thrift Savings Plan if I decide to take annuity. 3. Special retirement supplement until I turn 62. Do the above three…
Q. I am retiring under CSRS in February. With my three years, 11 months and 10 days in the Navy, plus sick leave, I will have 42 years and eight months CSRS and be 62 years and five months old. On advice of our HR office, I never paid my military deposit back since I was planning on retiring federal and only had 31 Social Security credits. I have looked in the Office of Personnel Management site and the Fedweek CSRS retirement manual and neither says it will not reduce my annuity if I don’t pay the deposit. Can you help?
Q. I’m under CSRS Offset, but I have 36 years of substantial earnings under Social Security. Will either pension be reduced?
Q. I need information as to how Medicare Part B premiums are paid when the following applies, per CMS.HHS: “If you are not set up on your spouse’s Social Security number with a B or D following the Medicare number.” My wife’s Medicare Part B card has a B following the Medicare number. When my wife retires from the Postal Service with an immediate CSRS annuity, her Social Security benefit, which is now used to pay the Part B premiums, will be greatly reduced due to the windfall elimination provision. If she cannot have the premiums deducted from her Social Security benefit, is there some other…
Q. I am a FERS employee who will be retiring in June with 30 years at age 56. I understand that my 10½ months (1,759 hours at present) of unused sick time will be added to my annuity. I also understand that at my salary of $56,810, my monthly annuity with almost a year of unused sick time is only an additional $40 per month. Am I correct, or am I missing something?
Q. If I take disability retirement or my pension, would I be able to return to work with the Postal Service? I have 30 years as a letter carrier at age 57.
Q. I am eligible to retire under FERS now that I am 56 years old and have 28 years of service with the Veterans Affairs Department. If I were to retire under FERS disability instead, would I still receive the special retirement supplement that accompanies regular FERS retirement? Also, would my five years of military service be taken into account for FERS disability if I have paid my military deposit into the system?
Q. I served in the Air Force in active duty for almost five years before moving to CSRS. By the time I retire, I will have 40+ years under CSRS without including my active-duty military time (It would be 45+ years total federal service if I decide to by back the time). Will I be penalized if I do not buy back my five yrs active-duty time. In other words, will my retirement annuity be reduced?