Q. I’ve been a federal employee for more than five years and plan to retire using deferred retirement. Am I eligible to retire using this retirement? I know I won’t get my deferred annuity until I reach 62 years old. What are the requirements for using this retirement plan? I have read that I need to leave my contribution in to retire. What is this contribution? My Thrift Savings Plan or others?
Browsing: Deferred retirement
Q. I am 63 (as of March) and I worked for the Veterans Affairs Department for 13 years (1993-2005); I now work for a private university medical center. I was under FERS. Can I “retire” from VA now, and receive the FERS benefits even though I am employed full time? Should I contact the human resources department at my former VA hospital?
Q. Whom do I contact for an updated SF-50? I retired four months ago at the age of 56 with my pension deferred until I turn 62. I would like to apply for another federal position and know I need to submit that form.
Q. I am 56 with eight years of service. If I am laid off, would I be entitled to collect my retirement benefits at age 62? Would I be able to pick up Federal Employees Health Benefits at that time?
Q. I left my position before I was eligible for an annuity. I believe I will be eligible for deferred annuity when I reach age 62. However, if I die before age 62, is my spouse able to request a lump-sum payment and receive a refund of my retirement contributions? I am in CSRS.
Q. I am 51 and was born in 1961. I work in FERS. My MRA, I believe, is 56. I have 28 years in federal service. Will I get an annuity if I retire now before my MRA? If I do get an annuity, how big a reduction will it be from the pension I would get if I retired at 56? Also, I have seven months of sick leave. Do I lose it all when I retire, or does it get applied as service credit?
Q. I left federal employment some years ago. I had about 10 years of federal service. I’m now 63½. Are benefits retroactive to 62? Anything special I should do?
Q. I am 50 years old and leaving federal service as of July 1 after 19 years. I am familiar with the Thrift Savings Plan rules for rollover or withdrawal, but I wanted to know options for my FERS.
Q. I am a 60-year-old FERS employee with 19 years and four months of service. I have 2,000 sick leave hours, which I know at Jan. 1, 2014, will get full credit. I have an opportunity to work in the private sector now with increased pay. Which is better: to retire now and receive my pension (although at a reduced rate) and maintain my enrollment in Federal Employees Health Benefits or to defer my annuity to age 62 and then re-enroll in FEHB?
Q. If I resign at age 51 with 25 years of service, will I lose the government matching funds that went into my Thrift Savings Plan? Will I be able to receive a deferred annuity at age 62? What would that be — 25 percent of high-3?