Browsing: RETIREMENT

Q. I recently turned 62. Four years ago, I had my disability retirement approved by the United States Postal Service. Unfortunately, Social Security did not approve my disability and I didn’t receive any monthly benefit until I turned 62 and that was at the non-disability dollar rate. Does my USPS disability retirement monthly annuity increase to what a voluntary immediate retirement is? And, since I turned 62 several months ago, will the Office of Personnel Management process a lump sum payment to cover those several months?

Q. I retired as a master sergeant in the Army with 25 years of active-duty service. I currently collect my Army retirement check and disability from the Department of Veterans Affairs. I have been a FERS GG-12 for nine years. I believe I can buy back my military retirement time with interest and that would be added to my civilian FERS time. When do I have to relinquish my military retirement check: when I retire into FERS or when I have bought back my time?

Q. I chose an insurable interest annuity when I retired in 1998. I have since separated (never married this individual) and I just found out they have married. How can I stop this insurable interest annuity and will I be able to stop my deductions from my monthly retirement check? I was a Department of Defense CSRS employee.

Q. I have around 13 years active Army and three years Army National Guard time total. I was a sergeant when I separated in October 2011 from the Army. I just accepted a position at the U.S. Postal Service. How much will it cost me to buy back my military time, or is it even worth it? Would that mean I now would have 13-16 years with the post office counting toward my retirement? Does buying time back do anything for your new or current pay grade in a federal job? Does it count toward leave accruals?

Q. I’m a retired U.S. Postal Service employee since June 2018. Currently, I still have my federal BCBS insurance plan and Medicare Part A, but no Part B. My wife, who is still working, has better insurance coverage. Is my wife’s insurance primary and my BCBS secondary because my wife is still working? Do I need Medicare Part B?

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