Q. If I retire at age 50 with 20 years of service, what will be my monthly income?
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Q. I am 50 years old with 30 years of service. Can I resign and not receive any benefits, until I turn 57 years old, without penalty?
Q. If I’m offered a position at a lower grade, but the same pay through pay retention (same GS pay plan), would declining it forfeit my already filed disability retirement application? Also, position would be non-law enforcement versus my current law enforcement retirement plan, so I would be giving up my enhanced 20-year law enforcement officer annuity. According to what I’ve read, I’m not required to accept a lower grade position — even if they match the pay rate.
Q. If I retire with 36 years at age 59,as a GS-9, and later apply for another federal job, would that affect the retirement pay that I would already be getting? Would it be like getting another job and another retirement?
As a result of all the early retirement offers and buyouts, a lot of employees leave government for what they hope will be greener pastures. Whatever their motivation, quite a few of them think about returning to work for the federal government. If you are one of them, a potential impediment to your coming back to work is this. If you received a buyout and return to work before the end of five years, with rare exception, the law requires that you repay the entire amount no later than the date on which you report for duty. If you didn’t…
Q. Is locality calculated separately from base pay for retirement? Is locality also a high-3 calculation, or is it based on locality of location when you retire, or is it the locality where you earned your high-3 base pay? If my locality is reduced because base pay plus locality exceed the cap, is retirement annuity calculated from the capped number or full base pay and full locality?
Q. I am a FERS employee who plans to retire in May. Should I choose my official retirement date as May 28 or May 31? And if one is better than the other, why is that so? I have been told two different things regarding the date. One: It has to be last day of the month because I am FERS. Two: It needs to be last day of a pay period.
Q. I am 54 years old and have been working for the U.S. Postal Service for 22 years as a city carrier. Am I eligible for retirement? What percentage of my pay will I be able to receive? A. No, you aren’t eligible to retire now. However, you could resign from the government and apply for a deferred annuity under the MRA+10 provision. If you did, your annuity would be reduced by 5 percent for every year (5/12 percent per month) you were under age 60. Your annuity would be based on your high-3 and years of service as a FERS employee when you left.…
Q. I am a FERS employee. What does the KF code on my paperwork mean?
Q. I am somewhat confused as to what the Civil Service Retirement System (CSRS) Offset actually is. I am quite sure they have been taking Social Security out of my checks for the extent of my government employment, but it was my understanding that CSRS Offset retirees were still able to draw Social Security with their retirement checks. Here’s some of my history, for context: I started working for the VA in March 1981. I have had no break in my service and chose not to switch to FERS when it was offered to me. I have completed nearly 35 years of service. I…