Q. If I retired with 34 years of CSRS benefits and have now earned 40 quarters Social Security, will I be able to draw Social Security benefits?
Browsing: SOCIAL SECURITY
Q. I started my employment as a CC military spouse in Germany in 1981 (no military service myself), then resigned (as we were directed) just before we returned to the U.S. in late 1983. I got picked up into a fed position in September 1984, which set the dates for leave and retirement as 1982. I had been told I was FERS at that time, and I have been contributing and planning toward that, along with attending the FERS retirement classes. However, when I received an estimate for retirement last year, I was told that I was CSRS Offset, with…
Q. I am 51 and retired with 22 years with the Federal Bureau of Prisons. In our agency, we could retire at age 50 with 20 years of service or at any age with 25 years of service. Our maximum retirement age is 57. I thought I understood from retirement training that in our special circumstances, earnings rules did not apply until we reached age 57, or when we would have been forced to retire. In other words, after early but full eligibility retirement, we could work and we would not be penalized or limited with new income, in that…
Q. I am a carrier for the post office. I was hired as a career employee in 1998. I have been under FERS from the start. However, I also worked as a career employee for the post office between November 1978 and March 1984 under CSRS. I recently filled out Form 3108 to try and buy back those 5½ years toward my retirement. After such a long break in service, will I still remain under FERS, or will I be classified as a CSRS offset?
Q. I retired from the FAA in 2003 with 21 years of service, and I receive 50 percent of my base pay. I also am qualified for Social Security. I bought back my military service. I know my Social Security benefits will be lowered as I receive a pension from OPM. I am planning on taking my Social Security benefits when I turn 62. Will I still receive my 50 percent pension from OPM?
Q. I am in CSRS Offset and, this month, I have 26 years of federal service. I will turn 62 in June and am thinking about retiring this year. Once I retire, I will be eligible for Social Security. If I choose to wait until, for example, I turn 66, my understanding is, when I retire and start collecting my CSRS (offset) pension, the Social Security I would be entitled to (at 62) will be deducted from my pension. Is the offset/reduction figure set by a formula, or is it dollar for dollar? If I choose to take Social Security…
Q. I retired in 2010 with 40 years of service, including four years of military service (1972-1976) that I did not pay back. While I am 62 and don’t qualify for Social Security yet, I recently received a notice that I now qualify for survivor benefits. Will this affect my CSRS annuity? Second, is the one-time Catch 62 check at age 62 in law or process? My concern is that if it is process, then it could easily be changed because of the budget situation to check every year after age 62 or when you start to draw Social Security…
Q. I am a former federal CSRS employee who lost employment when the Philadelphia Naval Shipyard was closed in 1995. I had about 15 years of service and left my contributions in the system. I was born in July 1956 and am 56. When can I apply for a pension, and what can I expect? Would I take a deferred pension? Also, I have met my 40 quarters for Social Security and have been employed for about 17 years with the School District of Philadelphia. I am thinking about retiring when I am 62 but would like to know my…
Q. If a Bureau of Prisons retiree takes a job other than a federal job, will he lose any amount of his retirement while he works?
Q. I was informed by personnel that to get credit for the 7½ years of active duty, I would be required to buy back my military leave, which I did. I went to a retirement class and they told me that because I was hired in 1981, I got the time without buying it. How can I get a refund of the money I paid in error? It was over $12,500.