Q. I am looking to retire from an 1811 federal law enforcement job at age 50 under FERS. Can I apply for another federal job upon retirement? If so, what are the restrictions regarding retirement, Thrift Savings Plan, vacation and sick leave?
Browsing: FERS annuity computation
Q. I retired from the Navy Reserve and will collect my pension when I turn 60 years old. I am also a postal worker under FERS. Will I get two pensions or will they be combined?
Q. I plan to retire the end of this year under FERS and will be 67½. If I retire Dec. 31, that will be in the middle of a pay period. If I wait until Jan. 11, that will be the end of a pay period and I will get all of my sick leave counted toward retirement. If I wait until Jan. 11, will I lose all annual leave over 240 hours? I won’t be on the rolls for annuity until Feb. 1 or eligible for my first check March 1, I think. I was hoping that if I…
Q. I am a FERS GS-11 step 10 employee planning to retire at 66 with 25 years of federal service in 2016. Pensions are based on the high-3. Is the high-3 based on base pay for the grade and step or base plus locality percentage? The 2012 GS Base table shows 11 step 10 as $65,371. Base plus locality equals $77,138, or an addition of 14.16 percent or $11,767 over base. There is a large difference when calculating retirement figures using $65,371 versus $77,137.
Q. I am retiring at 57, the mandatory retirement under FERS for law enforcement. I know there is something called the first year rule; will the special retirement supplement I receive for approximately five years be subject to the earnings limit? I heard the supplement is not subject to it, but when I reach age 62 and the supplement ends, any Social Security I receive will be subject to it. Can you clarify if the supplement law enforcement officers receive under FERS if retiring at the mandatory retirement age is subject to earnings test? If so, when?
Q. I am 37 and have seven years of FERS service in a non-law enforcement officer position. I am considering changing to a federal law enforcement 1811 position. This will mean I will have 20 years of law enforcement service at 57. Can I choose to retire at 50 (minimum law enforcement officer retirement age)? I will then have 20 years of FERS service, seven as non- law enforcement and 13 as law enforcement. Or will my minimum retirement age be 57, the age I will be when I have 20 years’ strictly law enforcement service? If the latter is…
Q. At my MRA of 56 (with more than 30 years of federal service), I will be able to receive my FERS annuity, access my TSP and receive the special retirement supplement. The supplement is payable until age 62, at which time I will become eligible for Social Security. Must I enroll in Social Security at age 62 if I’ve taken the special retirement supplement up until then? There are financial advantages to deferring Social Security. I understand the annuity will stop once I reach 62, but can I defer my Social Security to when my benefit will be greater?…
Q. I’m a 46-year-old FERS employee. I’m accepting a temporary reassignment to an “acting” role at a higher grade (15). Will this count toward my high-3?
Q. I am a federal law enforcement retiree after serving 22 years (GS-13) and reaching the maximum age limit. I may have an opportunity to work for a federal agency in a permanent position GS-12. What will the ramifications be on my retirement?
Q. I have been appointed as a full-time postal carrier this year. However, I have been carrying mail as a rural carrier associate (sub) for over 13 years and haven’t had to or had a chance to contribute to retirement. I recently found out that I am in the FERS-Revised Annuity Employee grouping at the higher 3.1 percent retirement contribution rate and not the FERS 0.8 percent grouping. It doesn’t seem fair that with all those years of service and commitment, that I would not be under the FERS group and under the FERS-RAE instead, even though I was hired by the Postal Service in…