Q. I am a federal employee who was a temporary firefighter for two years, then because of the hiring freeze, I was let go. I have been rehired under FERS-RAE. I was told that I can buy back my previous two years. Can I? If I buy the time back, can I be placed back into the FERS retirement system or do I have to stay in the FERS-RAE?
Browsing: FERS annuity computation
Q. Can you get a FERS retirement, military retirement and Veterans Affairs Department compensation all at the same time?
Q. We are a gay couple of 18 years trying to decide if it makes practical sense to get married: Partner 1: CSRS, will max out with 40 years of federal service in two years. Partner 2: eight years of federal service under FERS; military reservist recalled to active duty in 2001, still on active duty. In two years, will be eligible for military pension (total reserve and active time will equal about 3/4 of an active-duty O-5 pension); will then return to federal service, put a military deposit on active-duty time and work four years to a minimum retirement…
Q. Do overtime hours worked count toward federal retirement time? Nothing to do with pay.
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 work at Aberdeen Proving Ground, Md. I’ve heard that when I retire, the environmental pay/hazard pay is computed into our retirement. Is this true?
Q. I am 41 and a “gray area retiree from the Maryland Army National Guard. I am employed with the Postal Service (FERS) and have about 19 years of service (including five years active duty, which I already paid back). I also collect 30 percent disability from the Veterans Affairs Department. In planning my final retirement living, it seems if I retire at my minimum retirement age of 57, I should be immediately eligible for full annuities of the following, with no penalties or offsets: FERS basic annuity Social Security offset (until 62) TSP annuity (no IRS penalty) VA compensation…
Q. I am a retired E-6 (20 years) who is buying back his military time. When eligible for FERS retirement, I intend to waive my military retirement pay and combine all my military years plus my FERS years to calculate my FERS annuity. My understanding is that this will not affect my other retiree benefits, such as Tricare, BX commissary, etc. Is this true?
Q. My military buyback will be completed Aug. 2, at which time need to wait for my letter from Defense Finance and Accounting Services to provide to my B/E section to do recalculation of my service computation date for retirement. As a FERS employee per my calculation, my new retirement date would be August 2013 for 30 years of service at age 56. But I have decided to wait until the end December to retire. Should I be retiring on Dec. 31, or should it be the end of that pay period to begin getting my annuity for the following…
Q. I served a combined 10 years between military and civil service. I also paid the lump sum for my military time when I worked for the post office. How do I figure out my pension, and how do I go about getting it since I no longer work for the government?