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?
Browsing: Special retirement supplement
Q. I am 47 years old with 25 years and two months of service time under FERS. If I accept Voluntary Early Retirement Authority, my understanding is that my monthly annuity will not be eligible for cost-of-living adjustments. Is that correct? Also, once I reach age 56 and four months, the special retirement supplement would then be added until I’m age 62. Is that correct? After age 56 and four months, would COLAs then be applied to the annuity? Finally, if I’m working in the private sector earning a salary above the current $14,000 Social Security limit for earnings, would…
Q. I understand that the special retirement supplement under FERS will not be able to be received while an employee is in “phased retirement” status, but when the employee fully retires and is under age 62, would the employee then be able to receive the supplemental annuity?
Q. The Postal Service has sent me a letter stating advance notice of my being reassigned because of reorganization, transfer of operation. If I am offered a position outside of 50 miles of duty station, would I qualify for discontinued service retirement? The Office of Personnel Management states DSR rules on commuting as 50 miles. If it’s over 50 miles, could I retire under a DSR and receive an unreduced annuity and the special retirement supplement? Would I have to wait until I got my separation papers, or could I put in for retirement once I got my reduction-in-force notice?…
Q. I took the Jan. 31 early-out from the Postal Service with 29 years and three months of service. I was 59 on my day of retirement. On Feb. 2, I turned 60 years old. Do I qualify for the special retirement supplement?
Q. I am losing my job effective Sept. 30 because the agency I work for is closing the field office I work in. I am a FERS employee and will have 27 years and three months of federal service. My age at closure will be 57. I will be placed in discontinued service retirement status. I have been informed that I will be receiving a FERS supplement even though I have less than 30 years of service. If and when I find another federal job, what happens to my FERS supplement? Also, if I lose that job for any reason,…
Q. I recently retired from the Postal Service under the incentive offer for clerks. I’m 56 years old with 26 years of service. My last day was Jan. 31. I haven’t received my first check yet. Does it usually take this long? If so, when can I expect to receive it? Also, would the special retirement supplement be in the same check or a different check?
Q. I retired in November 2009 under Voluntary Early Retirement Authority with an incentive. I was 53 with almost 23 years under FERS. I turned 56 in April. How long does it take for my special retirement supplement to kick in? I keep calling the Office of Personnel Management and they tell me I’m not eligible until I’m 60. Then I receive a five-page letter from the legal department of OPM stating I am eligible and gives me the figure I will get starting June 1. I still have not received it, and when I call they have no answers…
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. I am a FERS employee in the Justice Department with 25 years of government service as of February. I will be 60 in two years. For six months in 2012, I worked a 28-hour part-time schedule. Will this have any effect on my special retirement supplement if I leave the government before my full eligibility date in 2015 and postpone my pension until I turn 60? Also, will accepting a Voluntary Early Retirement Authority, should one be offered, before I reach age 60 affect the SRS with respect to that part-time period?