There’s a new administration in town, and changes are already in motion. If you aren’t eligible to retire but want to leave government, you need to understand the consequences of your action, at least in terms of the benefits you’ve enjoyed as a federal employee.
Q. If you end up with 12½ months of sick leave, and 20 years and six-and-a-half months of service, would your retirement be based on 21 years, seven months, or would you lose the half month of sick leave and half month of service, and therefore use 21 years and six months to compute your retirement?
Q. I have 10 years with the military for which I haven’t made a deposit, and I will have 10 years in civil service. I’m a 55-year-old FERS employee. When will be the soonest time I can retire? If I leave the federal service before 62, can I still get my retirement when I’m 62?
Q. I am 52 years old. Before coming to work for the government, I was in the Navy for six years and received an honorable discharge. I am leaving a 27-year career and going into the ministry. Am I eligible for any retirement benefits?
Q. If you are FERS and under 62, will your retired pay stay exactly the same until you start getting COLAs at 62? For example, if I retire at 56 and get $800 a month, does it stay that way for the next six years?
Q. I am currently employed with the Veterans Healthcare Administration, age 60, with more than 21 years of service. How does one go about initiating a request for buyout in the event none is being offered? Is this possible?
Q. I have 27 years of service and am currently employed with the federal government. I am 52 years old and was born in 1965. If I decide to leave before reaching 30 years of service and take a reduced annuity upon reaching my minimum retirement age, will the penalty be 20 percent in each of the four years before reaching 60, or will the penalty get reduced as I get closer to 60?
Q. I am a civil service employee that was involuntarily retired from the Department of Defense in 1997 due to base closure. I received a VSIP/VERA in the amount of $25,000. At the time I was 47 years old with 23 years plus four years of military time, which was credited toward retirement. Three months later I was hired by the U.S. Postal Service. I have been there for a little more than 19 years now. I am 66 years old now and am considering retirement this year. Will I be allowed to retire with the total years of service or…