Q. We are a gay couple of 18 years trying to decide if it makes practical sense to get married: Partner 1: CSRS, will max out with 40 years of federal service in two years. Partner 2: eight years of federal service under FERS; military reservist recalled to active duty in 2001, still on active duty. In two years, will be eligible for military pension (total reserve and active time will equal about 3/4 of an active-duty O-5 pension); will then return to federal service, put a military deposit on active-duty time and work four years to a minimum retirement…
Browsing: Minimum retirement age
Q. I am 51 and was born in 1961. I work in FERS. My MRA, I believe, is 56. I have 28 years in federal service. Will I get an annuity if I retire now before my MRA? If I do get an annuity, how big a reduction will it be from the pension I would get if I retired at 56? Also, I have seven months of sick leave. Do I lose it all when I retire, or does it get applied as service credit?
Q. I am a FERS employee with 29½ years of service. I am 54 years old. If they offer an early-out this year, could I take it without being penalized for the years before age 56? Would I be able to collect the special retirement supplement? Also, will I have a problem if I remove the money I have in my Thrift Savings Plan account?
Q. I am 41 and a “gray area retiree from the Maryland Army National Guard. I am employed with the Postal Service (FERS) and have about 19 years of service (including five years active duty, which I already paid back). I also collect 30 percent disability from the Veterans Affairs Department. In planning my final retirement living, it seems if I retire at my minimum retirement age of 57, I should be immediately eligible for full annuities of the following, with no penalties or offsets: FERS basic annuity Social Security offset (until 62) TSP annuity (no IRS penalty) VA compensation…
Q. I acquired 30 years of service in May and will reach my minimum retirement age in November. If I accept a Voluntary Early Retirement Authority or Voluntary Separation Incentive Pay prior to my MRA, I understand I will not receive the special retirement supplement until I reach my MRA. What about the 5 percent reduction per year prior to age 62? My Federal Employees Health Benefits will be fine as I’ve been enrolled all along, correct?
Q. You responded to a recent question regarding someone retiring from the Senate at age 50 with 21 years of service. He asked if he would be eligible for the special retirement supplement at age 56. You responded by saying yes if he was FERS. If I work for the Postal Service and have almost 28 years, am 58 years of age, and am under FERS, would I be eligible for the supplement if I retired?
Q. I will be eligible to retire in 2019 at age 56 with 33 years of service. Will I be penalized? And, if so, what percentage would it be?
Q. I am a CSRS Offset employee with 18 years of CSRS service, an 18-month break in service, then 13 years of FERS service. I have just reached my minimum retirement age (56). Am I entitled to the special retirement supplement if I retire now?
Q. How is the special retirement supplement calculated? When I reach my minimum retirement age, I will have 25 years of civil service. I believe the eight-plus additional years military buyback only counts for retirement annuity. So what is the formula used to estimate what the supplement amount would be until age 62, when regular Social Security kicks in?
Q. I am a Postal Service employee. I started Dec. 24, 1983, and will be 53 years old on Sept. 10. I am in CSRS and would like to know if I can retire in December with 30 years of service? If so, would I be able to receive my retirement right away or have to wait until I turn 55?