Q. I am a 60-year-old FERS employee with 19 years and four months of service. I have 2,000 sick leave hours, which I know at Jan. 1, 2014, will get full credit. I have an opportunity to work in the private sector now with increased pay. Which is better: to retire now and receive my pension (although at a reduced rate) and maintain my enrollment in Federal Employees Health Benefits or to defer my annuity to age 62 and then re-enroll in FEHB?
Browsing: Special retirement supplement
Q. I have an Office of Workers’ Compensation Programs claim on an injury sustained at work. My physician put me on restrictions for three months. My agency has not contacted me in over a week and I’m using sick leave while I wait on their job offer. If they are not able to offer me a job any time soon, could I submit for regular disability under FERS, and also Social Security. If I am not approved for disability, and a job offer is not given, then can I take a regular retirement with unreduced annuity and also get the…
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 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’m a FERS employee who has had my retirement benefits calculated (58 years old with 33 years of service), and it does not show the special retirement supplement. Where can I find information about eligibility for the supplement? And how is it calculated into my retirement?
Q. If I predecease my wife while receiving the special retirement supplement, will she continue to receive the supplement? If not, would she be eligible for Social Security widow’s benefits at the time of my untimely demise?
Q. I plan on retiring in 2014 under FERS at 57 with 30 years and five months of service. Additionally, I have accumulated approximately seven months of sick leave. Will my sick leave count when calculating the special retirement supplement? Can I get credit for 31 years vs. 30 with the addition of my sick leave for the SRS?
Q. Would a retiree under Voluntary Early Retirement Authority or Voluntary Separation Incentive Pay, who would be eligible for the special retirement supplement, which is subject to an earnings test, and plans to work after retirement, be better to take the SRS and let it be reduced by the earnings test, or elect to forgo the SRS?
Q. I am a Postal Service letter carrier under FERS retirement. I would like to retire Oct. 1 (early retirement). I will be 59 with 27 years of service. Will I qualify for the supplemental annuity at 60? And how can I calculate that annuity?