Q. I plan to retire soon and have a partnership in a LLC business. I don’t work in the business but invested at its start and receive dividends (profit). Will this be considered as pay and apply to the earnings test?
Q. If I am planning to retire on the last day of the month and that turns out to be the second Monday of a pay period, would I earn any sick leave or annual leave for working 60 percent of my last pay period?
Q. I have exceeded the 41 year 11 month mark of creditable service hours under CSRS. If I were to continue to work, would I be entitled to an additional 2 percent for every full year worked beyond the 41 year 11 month mark in addition to my unused sick leave hours? If not, how would my CSRS annuity be computed?
Q. I know that to carry FEHBP into retirement, you must be enrolled for five years before retirement. Does the same apply to supplemental vision and dental care, or can they be added before retirement within the five-year period?
Q. When I meet my MRA, I plan to retire with 31 years of federal service. The first nine years I worked in law enforcement. How will this affect my retirement? Will I be eligible to draw 1.7 percent for the nine years and 1 percent for the rest of my federal service?
Q. I’m looking to retire by the end of 2014 with almost 34 years of service under CSRS. I see in one of your answered questions about CSRS retirement lump-sum payment from the 2012 article in Federal Times. It sounds like that person wanted to get a lump-sum payment of their retirement contributions and still receive a monthly annuity. The answer to the questions was no, you can’t receive a refund of your retirement contributions. Does this mean that if a person retires from federal service and wants to get a lump-sum payment of their retirement without also getting an…
Q. I am a GS-13 with 10 years of federal service. If I were to retire with 20 years of service at GS-13, what would be the retirement pay for GS-13? I understand about TSP and Social Security, but I’d like to know what retirement pay I would receive as a GS-13.
Q. I am 65 and still working but at this time, I have not or did not buy back my military time, is there an age limit where I do not have to buy it back, or yes, if I want the extra money, I will have to buy it back? A. There isn’t an age limit on when you may make a deposit to get credit for your active-duty service. The only requirement is that you make that deposit before you retire. Note: If you are a CSRS employee who doesn’t make a deposit, you’ll still get credit for…
The “high-3” is an essential element in the formula used to calculate your annuity. But what does the term high-3 mean? And how do you figure out what yours is? The high-3 defined Your high-3 is the average of your highest rates of basic pay over any three consecutive years of creditable civilian service, no matter when they occur in your career, with each pay rate weighted by the length of time it was received. That three-year period starts and ends on the dates that produce the highest average pay. It starts on the first day that leads to the…