Q. I am a FERS employee with a service computation date of March 30, 1986, and a retirement SCD of Feb. 4, 1982 (I had 4+ years of active duty, for which I made a military deposit.) My birthday is Feb. 15, 1959, so I will be 55 in February 2014 and 56 in February 2015. If I were to receive and accept a Voluntary Early Retirement Authority offer in 2014, would I still receive the special retirement supplement until I turn 62? If so, would it start immediately when I retired, or would I need to wait until I…
Browsing: Minimum retirement age
Q. I am a FERS employee. If my command is offering a Voluntary Early Retirement Authority and I retire at the any age and 25 years of service (I am 47 years old and have more than 25 years of service): 1. Will I get my special retirement supplement along with my retirement pay? Or will I not be entitled to the supplement? 2. If my command has a reduction in force instead, will I be able to get my severance pay plus voluntary retirement with my retirement plus the supplement until my MRA?
Q. I am 47 years old with 27 years of service with the Postal Service. I have been offered a Voluntary Early Retirement Authority so that an organizational restructuring can occur. Would this be considered the same as a reduction in force? Would I be eligible for the special retirement supplement because I am a FERS employee? If so, what age would I be eligible to receive the SRS? Immediately upon retirement, or down the road? Also, how would this affect my Social Security benefits?
Q. I am a 51-year-old Defense Department employee with 13 years of continuous service under FERS and considering leaving federal service and working in the private sector. Since my minimum retirement age is 56, I am ineligible for the MRA+10 retirement option at this time. If I return to federal service at age 56 or later, is there a minimum duration that I would be required to work before I can retire under MRA+10? I have been continuously enrolled in Federal Employees Health Benefits for the past 13 years and would re-enroll immediately upon returning to federal service. I would…
Q. I’m a Defense Department employee with 19 years of federal service, and I’m 37 years old (I had 12 years of active-duty military time, which I bought back toward my government time. If the Voluntary Separation Incentive Pay is offered again this year, I’m considering accepting the buyout. If I accept the buyout, can I still apply for a deferred annuity once I reach age 62? Is there much benefit to waiting until I have 20 years of federal service, as opposed to separating with 19 years? I still won’t be at my minimum retirement age (57), even if…
Q. I am a law enforcement officer, born 1967. My 6(c) service computation date is Nov. 1, 1989, and I plan to continue to work as a 6(c) until Dec. 31, 2014 (but not retire, simply change jobs/agency). I would like to continue working as a FERS regular employee until Dec. 31, 2020, when my youngest is out of college. If I change from 6(c) to regular FERS either now or at the end of 2014, do I mess up my ability to retire with the 6(c) computation of my 20 “good years,” or lose the ability to retire before…
Q. I am 52 years old and have 25 years of federal service to include my 13 years of military time, which I bought back. I am under FERS. 1. Do I qualify for the Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay, if offered? 2. Would I take a cut in retirement benefits?
Q. Next November (2014), I will have 20 years of civil service but will not be the minimum retirement age; I will be 54. If there is a reduction in force next year, could the minimum age requirement be waived? I am retired military with 15 years (early retirement in 1994). I fall under FERS.
Q. I am a Postal Service employee and under FERS. I am at my minimum retirement age of 56, have 33 years of service (25 with the Postal Service, November 1988-present, and eight years of military service that I bought back: Marine Corps, 1975-1979; Coast Guard, 1984-1988). I was going to retire voluntarily at the end of this month, but I have contacted the Office of Personnel Management and also contacted human resources shared services. One person tells me I’m eligible for the special retirement supplement, and another tells me no. I understand that the military buyback does not count…
Q. I am 49 and was wondering if I can retire at 52 with 20 years of Postal Service time even though my minimum retirement age is 56. If so, could I defer my pension until 60 and collect it then with a 5 percent penalty for each year before 62? Would I be eligible to continue my health benefits and collect the special retirement supplement until age 62 if I were to do that? Or would I have to use my MRA+10 computation to retire? If that is the case, would I then be able to continue my health…