Q. If they pass a change in the amount we pay into our FERS retirement, will we see more when we retire, or will it stay the same?
Browsing: FERS annuity computation
Q. Overview: I began in the Air Force Non-Appropriated Fund in 1996, enrolled in NAF retirement plan in 2000, ported to GS in 2005 with deferral of my NAF retirement (calculated at 5.27 yrs) and entered FERS. My current GS position will be abolished in 2014 (at nine years FERS). I have the potential of porting into a NAF position. I wish I had just retained NAF retirement, but lack of research and misguided human resources recommendations led me to where I am with a split retirement outlook. Given my FERS time will total only nine years at abolishment, if I move…
Q. I am a FERS employee. I have 23 years and wish to take a deferred retirement. How much is the average special retirement supplement?
Q. I retired from the Air National Guard with 20 years (16 FERS and four active-duty buyback). Under MRA+10, can I apply for my annuity at my minimum retirement age (56 years, four months)? I read that I will be penalized 5 percent for every year I am under 62. Doing the math, it appears that it would take roughly 18 years to make up the difference in retirement pay if I waited until age 62. In other words, am I better off taking a 25 percent penalty at 57 rather than drawing at 60 or 62?
Q. I was a civilian multiple-term employee who finally became a career employee but was never told by the wonderful people in human resources that I needed to “buy in.” Many years later, when I finally found out on my own, I had to pay thousands of dollars in accumulated interest when I bought in. But am I bought in just for the annuity or for the Social Security supplement, as well?
Q. I am a FERS employee who has been with the Postal Service since 1985. I had an extended period of illness in 2008, during which I used most of my sick leave. I recently decided to retire May 31 and, during my retirement counseling session, I asked about my sick leave, which is now 22 days, according to their records. I was told I would receive no compensation because the post office is paying out in increments of 30 days and “since they are paying out at 50 percent, I would have to have 60 days accrued to get…
Q. I have three years and four months time in civil service and under FERS. I will be 62 when I hit five years under FERS and eligible for pension. If I take a three-year term position at this time, will this count to make my five-year vesting, and will I be able to retire under the FERS plan the same as if I worked three more years in my current position? I have bought back my military time, which is an additional four years.
Q. I retired in June 2010 at 56 with more than 30 years’ service. I receive a regular FERS retirement, not disability. But I do have a disability — an above-the-knee amputation. If I apply for and receive Social Security Disability Insurance, how will my FERS retirement be affected?
Q. I’m 44 with 16 years in a covered federal law enforcement position plus three military years (which I haven’t bought back yet). How soon can I retire? When I reach 20 years in service, I’ll be only 48, or do I have to wait to reach 50? Could I retire then, and if so, what would I be leaving on the table?
Q. I was injured on the job in 1998. I applied for OPM disability retirement and Office of Workers’ Compensation Programs. OPM was approved first. I took that. Later, OWCP was approved and I spent nine years on OWCP. After that ended, I went back to retirement. Later, I was rehired by the government as a disabled annuitant. Am I entitled to a restoration of rights (5 USC 8151) for that time spent on OWCP (this would add nine years to my federal record)? I now work for the VA but was injured at INS. Can I apply to have…