Q. I am 57 with 35 years in CSRS and planning to retire at the end of the year. Can I retire on a holiday, Friday Jan. 1, 2016, or on Saturday, Jan. 2, 2016? If so, then would I get paid for the holiday and still get my annuity payment on Feb. 1, 2016?
Browsing: Creditable service: CSRS
Q. If CONUS locality pay is included in calculating FERS annuity, does that mean civil servants who retire while working overseas and receiving cost-of-living allowances, post allowances or housing allowances will have these allowances included in my high-3 when my annuity is calculated?
If you are covered by Civil Service Retirement System Offset, you are part of the smallest and least understood group of federal employees. You were hired under CSRS, had at least five years of service, left government, had a break in service of more than one year and returned after Dec. 31, 1983. When you did, you were given a choice: be covered by Federal Employees Retirement System, or by CSRS and Social Security. You chose the latter. Because you are covered by both CSRS and Social Security, you are eligible for benefits under both. However, you’ll receive the same…
Q. When I retire under CSRS, I will have 42 years, four months and seven days of service. I will have a sick leave balance of approximately 584 hours. I was told that since I will be at the maximum, the 30-day rule for computation doesn’t apply (I believe 584 hours is three months and 11 days). In this case, the 11 days would not be dropped, and they would figure out my additional annuity with the 11 days in there for sick leave. Is this true or would it turn out that they drop 11 days? Or would they drop 18…
Q. I am a CSRS retiree of 33 years (I retired in January 2001), and since I am not married, I have no provision for spousal benefits should I die. I have worked part time for my church at 25 hours per week since 1999 and have been paying into the Social Security system from that time to the present. Will I be able to collect Social Security benefits without the WEP penalty? When would I be eligible to collect my benefits? I will be 69 years old in October 2015. How do I determine my benefits?
Q. I worked for the U.S. Postal Service for one month in 1974 and then left to join the Navy. After serving four years in the Navy, I applied for reinstatement to the Postal Service and was rehired in February 1980 under CSRS. I left the Postal Service in September 1984 and collected my retirement earnings. I was rehired by the Postal Service in November 1986 and placed under FERS. I have bought back my four years of military time. I would like to make a redeposit for the CSRS period of four years and seven months. What terms and/or interest rates…
Q. I would like to retire this year. I am under CSRS and will have 38 years of service in July 2015. I will be 56 in November 2015. I would like to retire at the end of the year — Dec. 31 or Jan. 1. Will my lump-sum payment for my annual leave be taxed for 2015 or 2016? Also, I noticed that the date(s) I would like to retire are in the middle of a pay period. Would this be a problem?
Q. I am a Civil Service Retirement System/Federal Employees Retirement System retiree that left the government after 30 years. I switched to FERS in 1987. At age 62, I had 21 years of substantial earnings under social security. I began receiving social security benefits at 65. By age 62, I had 7 years of substantial earnings in the private sector. Most of these years are maximum earnings. Will my social security benefits be increased? In total I now have 27 years of substantial earnings and will be 69 in October.
Q. Just received my military service earnings/buy back calculation from Defense Finance and Accounting Service. I had 15 years, 5 months and 13 days of Active-Guard-Reserve Service, but a total of 23-plus years in the National Guard, which would also qualify me for a National Guard pension at age 60. I understand that in addition to that Guard retirement check, which I will begin to receive in 2020, my buy-back of the 15-plus years, once paid and complete and added to my 15 years of federal civil service as an Army civilian in 3 years, would give me a total of 30 years…
Q. I accepted an early retirement and incentive in 2013 from civil service (CSRS). I want to go back to work for DOD but was told I needed to repay the incentive before my first day of employment. Is this true?