Q. I am 37 and have seven years of FERS service in a non-law enforcement officer position. I am considering changing to a federal law enforcement 1811 position. This will mean I will have 20 years of law enforcement service at 57. Can I choose to retire at 50 (minimum law enforcement officer retirement age)? I will then have 20 years of FERS service, seven as non- law enforcement and 13 as law enforcement. Or will my minimum retirement age be 57, the age I will be when I have 20 years’ strictly law enforcement service? If the latter is…
Browsing: Minimum retirement age
Q. At my MRA of 56 (with more than 30 years of federal service), I will be able to receive my FERS annuity, access my TSP and receive the special retirement supplement. The supplement is payable until age 62, at which time I will become eligible for Social Security. Must I enroll in Social Security at age 62 if I’ve taken the special retirement supplement up until then? There are financial advantages to deferring Social Security. I understand the annuity will stop once I reach 62, but can I defer my Social Security to when my benefit will be greater?…
Q. I am a postal employee covered under FERS. I will have 33 years of service at my minimum retirement age in January 2016. I have a year’s worth of sick leave and hopefully this will continue to grow. In computing the special retirement supplement, will my service time include the year’s sick leave credit?
Q. I am FERS began with the Postal Service in January 1985. I bought back 3½ years of Army service (honorable). I am past my minimum retirement age but confused about the 30 years of service. To qualify for the special retirement supplement, do my military years count?
Q. What is the formula for calculating the FERS annuity percentage? I work for the Postal Service and have 28 years of service at age 53 (minimum retirement age 56). I heard the FERS annuity percentage was 1 percent x (high-3 average wages) x years of service. However, I also heard unused sick leave changes the percentage, and if you have over 2,080 hours saved and returned, it changes the percentage from 1 percent to 2 percent. I thought the unused sick leave only increased your years of service, but others tell me it increases the percentage.
Q. I’m a Postal Service employee with 25 years at age 45. If an early-out is offered and I accept, do I get the special retirement supplement at my minimum retirement age, 57?
Q. I was allowed to go back into CSRS after an 18-year break in service even though I cashed out of it in 1991, with eight years of service. I can pay the redeposit back and have 12 years of service, if that is the wise thing, but I am waiting to see if I get a permanent job when this temporary job expires in 2014. Since I am only 54, I am beginning to wonder if I should have gone back into CSRS, because if I can’t find another federal job, and it is looking difficult with the budget…
Q. I am 53 with 30-plus years of excepted civil service with the National Guard. I believe my MRA is 56. At age 56, can I voluntarily retire with no penalties? Could I voluntarily retire early?
Q. My wife just resigned from the U.S. Forest Service. She is 44 with more than 20 years of service. Did she lose all of her retirement, or is she still eligible to receive a portion at the reduced rate of 5 percent? She was always in a position covered under firefighter retirement, eligible at 50 to retire. Also, is she still eligible for health benefits?
Q. I am 55 years old and left civil service in 2001. I started civil service in 1990 and paid to add my military time (14 years) into my civil service time. When I left civil service at age 43, I had more than 25 years of creditable service. My minimum retirement age is 56 years, and I would like to start collecting my retirement annuity as soon as possible. Does it matter that I was involuntarily separated from civil service due to losing my security clearance for reasons that were not my fault? I also heard that if I…