Q. I am a FERS employee working for the Department of Agriculture. I have been offered a job outside of the government and am trying to see the pros and cons of leaving. I am a FERS employee with a service computation date of Aug. 17, 1986, and am 46 years old. If I apply for Voluntary Early Retirement Authority, what would the disadvantages or advantages be?
Q. I am a FERS federal employee and I turn 62 in March. Can I draw my Social Security at 62 (worked in industry for 27 years and have been a federal work for 15 years) and still keep working for the federal government? I would like to work until I am 66 to get a higher amount of retirement from the federal government. I realize I would have to pay taxes on the Social Security since I would be making more than what is allowed and it is considered income and I would get a reduced amount for the…
Q. My deceased husband retired from civil service by disability and received monthly payments until his death. During his working years, he paid for my spousal annuity benefit. I now receive my own Social Security account. The problem is, there is a deceased ex-wife listed ahead of me on record. In the chance I’m able to prove her deceased status, will I qualify to receive both my Social Security and spousal annuity?
Q. 1. How are the days of active-duty service calculated? 2. Is that a one-to-one credit added to years of service? 3. Can you buy it back after you retire and adjust the annuity accordingly? 4. Can you buy back portions of it? 5. Can you pay in installments? 6. What percentage of military pay per year would you get in retirement? For CSRS, it is roughly 2 percent based on high-3; would it be calculated on actual salary back then or adjusted for inflation? 7. Any chance for a retroactive payment once established? 8. Will I lose any benefits…
Q. I work for the Postal Service with 35 years of service, covered under CSRS and I turned 62 in June. I have 40 quarters of work in under Social Security. Can I file to draw my Social Security benefits while I am still working full time under CSRS, since they get offset to almost nothing when I retire?
Q. I am a 2012 CSRS retiree. My wife will soon be eligible for Social Security retirement, as she is closing in on the 40 quarters benchmark. When I die, and she receives the CSRS survivor monthly benefit, will her own Social Security retirement benefit be affected by the windfall elimination provision? (Her Social Security benefit will be minimal, having just reached the 40 quarters).
Q. I am under FERS, working for the Postal Service. If I retire at age 59 and receive the special retirement supplement, will it affect my future Social Security benefit at age 62? Will not claiming any income and not paying into Social Security for three years lower my future benefit when I do collect at 62? Does the future benefit lock in when you begin collecting the supplement?
Q. I have 25 years of service with the Postal Service. I am extremely ill and have been told by my doctor that I would need to consider disability retirement. My base pay is $57,000 per year. Could you please tell me what my disability retirement will be?
Q. I am 61 years old and have been retired from the fire service. I have, according to Social Security, 39 units which were not earned at fire service. If correct, I need one unit to earn Social Security at age 62, and I need this unit also to be eligible for Medicare at age 65? Is there any other way to get this one quarter other than going to get a job for three months?
Q. I will be 52 years old March 9. I am covered under FERS, and I have 31 years of federal service. If my base offers an early-out this year, I plan to take it. I have a substantial balance in the Thrift Savings Plan and would like to withdraw it in its entirety when I take the early-out so I can invest it in my daughter’s business. 1. Will I be penalized for withdrawing my TSP funds early? If so, how much? I know I will be taxed, and I am OK with that. My husband plans to keep…