Browsing: taxes

Q. My father worked for the Postal Service for 42 years and retired in 2005. He passed away from cancer in March 2013. Before his death, he left instructions to contact federal retirement (CSRS) to file a claim to acquire his retirement benefits. He has four grown children, and there are no other beneficiaries. Retirement was contacted and we were mailed four applications for CSRS death benefits (SF 2800), to be filled out by each of us to apply and receive his remaining retirement contribution to be dispersed four ways. All four of us recently received a final statement of…

Q. I just retired from federal service with 23 years plus four years military bought back. I am starting a job with the Teachers Retirement System of Texas, in which I do not pay into Social Security. How will this affect my Social Security benefits later, when I start to take them? Let me ask two examples: 1. I am 51 now. If I choose to work for TRS for 12 years, retire and take a partial retirement from TRS (vested after five years) along with my FERS retirement, and then want to start taking Social Security payments at, say,…

Q. I am a CSRS employee who started with the Postal Service in 1981. However, I worked in a supermarket before the USPS and worked for the union for the past six years. For both of those other jobs, I have paid and still am paying Social Security. I have heard the expression of “having enough quarters” for Social Security retirement. What does that mean, and how many quarters are needed?

1 2 3 4 5 6 12