Q. I am more than 58 years old and voluntarily resigning from my position with the Veterans Affairs Department. I have 20 years of creditable FERS service and plan to postpone the start of my annuity and my retirement until my 60th birthday. I plan to submit the Form 92-19 two months prior to my 60th birthday, which will be in October 2014. In the interim, I will be obtaining my health insurance through my spouse, but I have plans to regain our family health/life insurance (held less than five years) at the same time I start my annuity, which…
Browsing: MRA + 10
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…
Q. If I meet my MRA+10, which will be age 56 and 24 years at the Postal Service, and defer my annuity until age 60, would I be able to keep my health benefits at age 56? If not, could I start receiving them when I hit 60? Also, can I receive Supplemental Security Income at age 60? If yes, how long until regular SSI kicked in?
Q. I turn 60 on Jan. 1, 2015. I am a FERS employee who will have 20 years creditable service in January of 2014. If I retire Dec. 13, 2014 (the end of a pay period) do I understand correctly that my Federal Employees Health Benefits and Federal Employees Group Life Insurance coverage will be extended for 31 days at no cost to me? I plan on postponing my annuity receipt until Jan. 1 (when I turn 60) to avoid the under-62 penalty. Also, do I understand correctly that since my postponed annuity date will be Jan. 1 that my…
Q. I want to retire at age 57 with 28 years federal service and receive my health benefits but defer the annuity until age 62. Is that possible? My co-workers say I should work until age 59 with 30 years federal service and begin collecting all benefits then. What would the difference in the benefits be?
Q. I retired from active duty after 24½ years and immediately started as a federal employee, for 7½ years now. I’ve never elected Federal Employees Health Benefits coverage because I’m enrolled in Tricare Overseas. I’m planning to retire at MRA+10 in 2½ years at age 57½. 1. If I begin enrollment now in FEHB and retire at my minimum retirement age in 2½ years, can I count the time in Tricare toward the five-year enrollment requirement for FEHB? 2. If I don’t enroll in FEHB now, can I count my time in Tricare for the entire FEHB five-year enrollment requirement…
Q. I am a 53-year-old FERS employee who will have 16 years of service (including nine years of military buyback) at age 56. I will meet the requirements of MRA+10 at age 56 and will have been in the Federal Employees Health Benefits plan for more than five years by then. I am trying to understand if it is possible for me to retire at or after age 56 and defer the receipt of my annuity to reduce or avoid the age penalty, then re-enroll in FEHB when I begin receiving the annuity. I have read all the previously answered…
Q. Our Postal Service plant is going through a transfer of function. Jobs are being offered out of the area. If I refuse a position, I want to postpone my annuity until age 60 with more than 28 years of service. I have been told by human resources that if I postpone, I will not receive the special retirement supplement. Also, I will not continue Federal Employees Health Benefits during my postponement because of cost out of pocket but restart FEHB once my annuity begins at 60. Is this all possible?
Q. I celebrate my 25th anniversary with the federal government in February. At that time, I will be 58½ years old. If I were to resign and postpone my pension until 60 (my minimum retirement age), would I still receive the special retirement supplement when I file for retirement?
Q. I am a FERS employee and may have to postpone my retirement without suffering the age penalty. I am over 59 with 28 years of service. If I postpone my retirement until age 60 and do not carry the optional insurance that I will have to pay for plus 2 percent, would I still be eligible to restart my Blue Cross/Blue Shield coverage once my retirement begins. It will be almost six months that I will not have coverage. I have been enrolled in an insurance plan throughout my entire career. Also, if I am given separation papers involuntarily…