Q. I’m a FERS employee. Where do I go to find a calculator on when I can retire?
Browsing: Minimum retirement age
Q. I am currently employed as a Defense Department civilian. I have approximately 16 years of federal service, with 13 years working in a law enforcement position. I am considering retiring at my Minimum Retirement Age with over 20 years of service. Since I contributed more toward my pension under the LEO system (1.3 percent versus 0.8 percent), will my FERS retirement be calculated using two different systems (LEO and regular)?
Q. I was eligible for the early out offered to Postmasters in 2012 but decided to stay with the Postal Service. I am currently 55 with 27 years of service. My MRA is 57 and I will have 30 years of service.When the early out was offered in 2012, I decided to get an estimate of my annuity from the OPM. My District HR specialist had insisted that unless I was 62, I would get a 5% reduction for every year I retired before I turned 62. I spoke to two or three OPM specialists who told me that was not…
Q. I retired from the Air Force with 24 years of service and was selected for a firefighter position at the age of 44 with an age waiver since I was a firefighter for my entire Air Force career. Can I take the Minimum Retirement Age of 57 and 13 years of civil service and retire early without penalty? I have just finished my third year of civil service, so I still have 10 years until my 57th birthday. I am trying to plan whether it is a possibility or if I will have to wait the additional 7 years…
Q. If my agency offers an early out I will be age 53 with 28 years of service. My question is in regards to the FERS supplement. Will I still be entitled to this at my MRA which is age 56 or is it lost forever? Some in HR have said it will be lost because I retired early out and therefore I will never receive it. This is a major factor in deciding if I wish to go out early.
In my last column I wrote about the calendar year 2015 changes in the dollar amounts or percentages affecting your pay (1 percent), cost-of-living adjustments for eligible retirees, survivors and Social Security beneficiaries (1.7 percent), and the Social Security earnings limit ($15,720). In this one, I’ll describe the calendar year 2015 changes affecting Medicare, death benefits and children’s benefits. Medicare At age 65, you’ll be eligible for Medicare Part A (hospital insurance) at no cost to you. If you are no longer working, it’s free. That’s because you already paid for that benefit through payroll deductions. You’ll still be entitled…
Q. I currently have 11 years of service in the government under the FERS program. I am considering leaving the government in early 2015 due to relocating for family. It is my understanding that I can apply for deferred retirement once I reach MRA which is 56. Is this correct? I am currently 54.
Q. I am under the FERS retirement system. I am currently on sick leave and during this time have met my 30 years in service and minimum retirement age. Can I retire on an immediate annuity while on sick leave, and am I eligible for the special retirement supplement? I have proper medical documentation.
Q. What is the minimum retirement age for someone who was born in 1955 and started working in September 1988?
Q. My wife will be 50 in three years and will have 30 years of federal service under FERS. Can she retire with no penalty and keep her federal health benefits. A. No, she cannot retire on an immediate annuity. The earliest she could do that would be when she reaches her minimum retirement age, which in her case would be 56 years and 6 months. The only way she could retire earlier than her MRA would be if her agency offered her an opportunity under the Voluntary Early Retirement Authority and she was at least age 50.