Browsing: MRA + 10

FERS retirement

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Q. My USPS retirement eligibility date is Dec. 30 (56th birthday).  My annuity projection shows about a $10,000 difference if retiring Dec. 30 vs. April 15 next year, which would be exactly 30 years.  Is this  correct? A. If you retired at your MRA but with fewer than 30 years of service, you’d be retiring under the MRA+10 provision, which would reduce your annuity by 5 percent for every year you were under age 62. To avoid that hit, you’ll need to wait until you have 30 years of service to retire.

DSR and annuity supplement

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Q. I received a Discontinued Service Retirement (DSR) from my agency in 2011 at age 53 with over 20 years of federal service (FERS). I receive an unreduced annuity. I have now reached my MRA of age 56. I believe I now should be able to receive the annuity supplement, but the Office of Personnel Management has not yet begun paying it to me. FERS Handbook Chapter 51 indicates to me that I am indeed eligible for the supplement. I noticed that, in your response to a similar question, you stated that the questioner retired under the MRA+10 provisions and…

Minimum retirement age stipulations

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Q. I got out of the Coast Guard (honorable discharge if that matters) with 14 years of active-duty service. I worked for the Transportation Security Administration for eight months before settling into a position with the Federal Emergency Management Agency, where I bought my military time back. Can I combine my military time with my federal time to meet my minimum retirement age? 

Voluntary FERS retirement and OWCP

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Q. I’m currently receiving Worker’s Comp. payments for a work related knee injury in July 2012. I’ve had two surgeries and tried numerous physical therapy sessions and the problem has only worsened. I’m in pain all the time. I haven’t returned to work since my injury. I told my doctor that I couldn’t keep up the therapy because it was too painful. My agency required a medical answer from my surgeon as to whether I was able to do anything. He stated that I was permanently incapacitated at this time. I was surprised my agency hadn’t separated me, and I…

FERS MRA+10 and heath coverage

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Q. If my wife chose to retire now, at her minimum retirement age of 56 with 13 years of FERS service, would she be able to postpone her annuity until age 60?  She currently carries FEHB (self), as long as she has had it the last five years, can I pick her up under my FEHB (self+1 or family) once she retires and then when she becomes 60 she can reinstate her own self-plan at that point?

FERS retirement

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Q. I am FERS with a minimum retirement age of 56. I resigned from the government last year at age 50 with 25 years of government service. I am now 51 years old. Can I get a reduced FERS annuity right now with a five percent reduction for each year that I am under age 62? If the answer is no, what is the minimum age at which I can begin to receive FERS retirement benefits. And what percent of my high-3 would I receive?

FERS disability for term employee

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Q. My husband is a helicopter maintenance instructor on a term-appointment due to expire Dec. 31, 2014. He was taken out from his position as a primary instructor and put in the an assistant instructor position due to memory problems that are affecting his ability to teach and do proper fixes on the aircraft. His supervisor recommended in a counseling statement that he seek medical attention to identify any issues. He has been recently diagnosed with Multiple Sclerosis and excruciating face pain. He will meet the MRA + 10 retirements in August of this year (all term appointment time) but…

Federal retirement

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Q. I spent eight years active duty in the Air Force as a physician in the late 1990s. I would like to end my career practicing at the VA. I am 59 years old. If I work at the VA for 11 years, I will only have 19 years of federal service. Will I be entitled to any federal government pension? Must I work a full 20 years for the Fed? Will that effect the Social Security funds that I have contributed to for the past 25 years?

FERS retirement

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Q. This is a two part question. I’m a FERS employee with a minimum retirement age of 56 1/2. I would like to retire at my MRA if possible but want to make sure I understand the penalties and rules. First, I will be about 1 1/2 years short of 30 years with the government at age 56 1/2. It’s my understanding that I can still retire at that age but can postpone receiving an annuity to avoid the 5 percent per year penalty if I don’t take benefits until age 60. Is this correct? Second, if I decide to…

FERS retirement with military credit

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Q. I am considering accepting an excepted service position. I am 55 years old and have no prior civil service. However, I do have 17 years of active duty service with the military and am retired from the Naval Reserve. I will begin collecting my pension for my Naval Reserve service at age 60. In reading about retirement under FERS, it seems to me that I could retire at age 65 under FERS using the MRA + 10 provision. Is it also correct that I could pay a deposit for my 17 years of active military service, subsequently receiving FERS…

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