Q. In 1998, I was injured and received benefits from the Office of Workers’ Compensation Programs. I left the agency and went to work for a different agency under FERS. As a result, I received a “loss of wage earning capacity” every month from the 1998 injury. In 2005, I received a disability retirement as a result of a different injury. Should my high-3 average have included the loss of wage-earning capacity I was receiving at the time of the disability application and approval?
Browsing: FERS annuity computation
Q. Is my service computation date the total number of years that will be “creditable” to compute my retirement annuity/pension? A. It usually is, but not always. If you served in the military and were given annual leave accrual credit for that time, the SCD would be based on that. However, if you are a FERS employee, unless you made a deposit to get credit for that service, it wouldn’t be included in your retirement SCD.
Q. You responded to a recent question regarding someone retiring from the Senate at age 50 with 21 years of service. He asked if he would be eligible for the special retirement supplement at age 56. You responded by saying yes if he was FERS. If I work for the Postal Service and have almost 28 years, am 58 years of age, and am under FERS, would I be eligible for the supplement if I retired?
Q. I’m a FERS employee who has had my retirement benefits calculated (58 years old with 33 years of service), and it does not show the special retirement supplement. Where can I find information about eligibility for the supplement? And how is it calculated into my retirement?
Q. I plan on retiring in 2014 under FERS at 57 with 30 years and five months of service. Additionally, I have accumulated approximately seven months of sick leave. Will my sick leave count when calculating the special retirement supplement? Can I get credit for 31 years vs. 30 with the addition of my sick leave for the SRS?
Q. How do you determine your FERS total balance based on your payroll deductions? I have been in federal service for almost 10 years. If I were to leave federal service, how would I determine my FERS lump-sum balance?
Q. I served on active duty for 14 years, 10 months and 24 days. I was permanently retired with service-connected disabilities. I have since been a federal civilian for two years. Based on my service computation date, I was awarded a 10-year pin for federal service due to my nonparticipation in the military buyback program. How will this affect me under FERS for retirement from civil service?
Q. OPM states repeatedly *_When you reach age 62, your annuity will be recomputed using an amount that essentially represents the annuity you would have received if you had continued working until the day before your 62nd birthday and then retired under FERS._* So here is the case. Employee is 59. Last three years of salary are $60K, $59K, $58K, so a high-3 of $59K. If the employee had worked to age 62, she would have a high-3 of $60K not $59K incremented by nonexistent cost-of-living adjustment. So which is it? Does your high-3 get recalculated to *_represents the annuity…
Q. I am 57 years old and qualify for FERS retirement benefits. I have 18 years of service and considering retiring this year. I have four years of service as a rural carrier associate from 1990 to 1994. Do these years qualify for buyback? How do I find out how to purchase these years of service and how much it would cost to repurchase these years? I also have six years in the National Guard (1974-1980).
Q. I am a Postal Service letter carrier under FERS retirement. I would like to retire Oct. 1 (early retirement). I will be 59 with 27 years of service. Will I qualify for the supplemental annuity at 60? And how can I calculate that annuity?