Browsing: Minimum retirement age

Q. If I’m age 62, with more than five years of service and immediately eligible for retirement, am I eligible for the new phased retirement program? If I do go on phased retirement, do I continue to participate in the same government health care and federal benefits programs I now have?

Q. I am 54 years old with 16 years of federal service under FERS. I am eligible to retire at my minimum retirement age (56) on the MRA+10 option. At that time, I will have approximately 700 hours of unused sick leave. Can I apply the unused sick leave to my time in service, reducing the amount my annuity is cut? If I retire at 60 with 22 years of service, my annuity will not be reduced, but my accumulated sick leave becomes worthless, correct? Can I retire at 59½ and apply the sick leave to the end of my…

Q. I plan on retiring in 1½ years with 25 years as a federal law enforcement officer. I will be 48 and will receive the full special retirement supplement until I reach my minimum retirement age, which is 56 years and four months. After that, will my annuity affect the SRS? If so, how? In other words, will my annuity be calculated as earnings when it comes to the SRS?

Q. I took the Voluntary Early Retirement Authority on Jan. 31 at my minimum retirement age. I had 26 years at the Postal Service under FERS. After 16 years of marriage, I became a widow. The only income I have is my annuity and the special retirement supplement from the Office of Personnel Management. Will I be eligible to receive Social Security benefits from husband at 60, and will they end at 62? When I turn 62, my supplement will end. I have $190,000 in the L2020 fund. Would it be beneficial to me to start receiving money from my…

Q. My wife wants to retire from the Postal Service, under FERS, with 30 years service but she’ll only be 50. Am I correct in understanding that she will be eligible for a deferred retirement at her minimum retirement age of 56 without any reduction to her annuity? What about the special retirement supplement? I’m assuming she won’t be eligible for that. She’s been on my Federal Employees Health Benefits plan for the past 25 years. I’m also a postal worker. So can she get her own individual plan, or must she stay on my family plan? I was told…

Q. I am planning on retiring next year under FERS with 34 years at age 56 (my minimum retirement age). I understand that I could earn $14,460 without affecting the special retirement supplement. What is calculated into this $14,460 earnings limit? Are the FERS retirement payments included in this earnings limit? Are my wife’s wages included in this earnings limit? (She will still be working, and not retired.) Is income extracted from my Thrift Savings Plan account included in this earning limit? Are any annuity payments that I buy from my TSP included in this earnings limit? Are my IRA…

Q. I am 50 years old with 20 years of service from the military (retired). I have 10 years federal service. Do I qualify for Voluntary Separation Incentive Pay? If not, OPM Form 1496A is the application For Voluntary Early Retirement. Do I submit Form 1496A prior to terminating my employment or wait until I reach the minimum retirement age?

Q. I retired on disability in November 2011 with 23 years of federal service at age 47. If, at some point in the future, the Office of Personnel Management terminates my disability benefits, would I be eligible for discontinued service retirement? I would meet the age and service requirements (age 50, 20+ years). I did not resign before my disability application was approved, remaining on agency rolls until the effective date of my disability retirement. There were no misconduct or failure to perform issues. If not eligible for DSR, would I be eligible to receive my regular retirement at my…

Q. I am 46 years old with 22 years in a 6(c) covered position. My agency removed me for failing to maintain my TS clearance (not for cause), which I continue to appeal via Merit Systems Protection Board. If I fail to be reinstated, can I work in the private sector and wait until age 50 to apply/receive my FERS special retirement? If no, can I resume federal employment and at age 50 apply/receive my FERS special retirement? Where can I find these guidelines? Is it an agency head approval situation?

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