Q: I’m over 50 years old and in a Federal Employees Retirement System law enforcement position with more than 22 years of 6(c) covered time. I am considering retirement. I also have more than 30 years in the National Guard and will draw a reserve retirement before age 60. Once I am retired and receiving my federal annuity, can I then accept a GS-grade position with the National Guard without affecting my annuity? A: No.
Browsing: FERS annuity computation
Q: I am a federal law enforcement employee with 20 years covered by the Federal Employees Retirement System FERS plus five years worth of military buyback time. I have six more years before I will face mandatory retirement at my 57th birthday. I want to transfer to a non-LEO position with another federal agency so I can keep working. Please confirm that if I do transfer to a non-LEO position with another federal agency that I can keep working past 57 and not face mandatory retirement, and that my 20 years of FERS LEO service will transfer over at the…
Q: I am a Federal Employees Retirement System dual-status federal technician in the Army National Guard. I am looking at a possible involuntary separation because of losing my dual status (nonmedical related) later this year. I am 45 years old with 12 years of federal service. Would I qualify for any type of involuntary separation/disability annuity payment? A: You would be eligible for disability retirement if you are separated due to a disability that disqualifies you from membership in a reserve component of the armed forces or from holding the military grade required for such employment; you aren’t appointed to…
Q: I am 62 years old, and my Federal Employees Retirement System disability retirement benefit has been recalculated to a regular annuity. I am still on Social Security disability. Will Social Security offset the amount that I will be getting in my annuity? A: No, it won’t.
Q: Are Social Security and Medicare taxes withheld from Federal Employees Retirement System annuity and supplement checks for retired law enforcement officers? A: No, they are not.
Q: I am 50 years old and have been working for the last five years in a civil service position for a county sheriff. I served eight years and three months in the Coast Guard and have an opportunity to move to a federal job. If I stay in my current position, I will have to wait until I am 65 to retire. Is there a retirement benefit to moving to the federal job? Can I combine the periods that I have worked in the military, civil service and in a federal job for a total of 20 years and…
Q: I worked as a civilian federal employee from July 2006 through December 2008. During that time, I bought back my three years of active-duty military service. Does this give me enough credited service to receive a retirement under the Federal Employees Retirement System? A: No, it doesn’t. You’d have to have five years of creditable civilian service to be eligible for a deferred annuity at age 62.
Q: I know it won’t matter for at least the next several years, but when we receive a pay raise at the beginning of the year, how long do we need to be at the new salary for it to be a part of the computation of our high-3? A: A high-3 is simply the average of the three highest consecutive years of base pay, whenever they occur. Assuming that your most recent 36 months are the basis for your high-3, for every additional month you work at the same or higher pay rate, one month will be dropped from…
Q: If I buy back my active-duty military time to put it toward my Federal Employees Retirement System retirement, do I then lose that time toward my Navy Reserve retirement? A: No. Making a deposit for your period(s) of active-duty service will have no affect on reserve retired pay. You’ll get full credit for that time.
Q: What is the exception for automatic coverage under the Federal Employees Retirement System for federal employees hired on or after Jan. 1, 1987, and for most employees hired after Dec. 31, 1983? A: There are number of exceptions to the automatic FERS coverage you referred to. To find out what they are, go to this handbook on the Office of Personnel Management website and scroll down to Section 10A1.3-5, entitled “FERS: Exclusions.”