Q. I am looking at retiring in January 2015. I will be 56 years old Oct. 15. I will have 30 years in as of Dec. 24. Waiting until the end of leave year to cash in all available annual leave. I am looking at cashing out my Thrift Savings Plan in a lump sum to pay off all debts. Will that income be considered part of earned income so that the special retirement supplement is reduced? If so, would it be in my interest to retire at the end of 2014 so that my annual leave hits that year…
Browsing: Special retirement supplement
Q. I am a military technician who is reaching age 60. At that time, I will only have 16 years civil service. Will I receive a full retirement with the special retirement supplement? Or will it be a reduced retirement?
Q. FERS discontinued service retirement with 29 years and nine months. After five months of trying to reach the Office of Personnel Management, I was told I’m not entitled to the special retirement supplement due to less than 30 years. I am 56 years old. All paperwork received prior to retirement indicated that I was entitled to it.
Q. I just received my 30-year pin for government service time worked as a FERS employee. I’ve been considering relocating to Florida and can’t find a government job. If I took a job at a town hall in Florida, would I be able to resign from my current government job and have them keep all my retirement and Thrift Savings Plan on ice until I would have been eligible to retire at age 56 without penalty? If so, would I also be eligible at age 56 for the special retirement supplement, even if I were working for the town, or…
Q. I have worked for the Postal Service since 1985. I did not reach career status until January 1994, when I became postmaster in my Level 11 office, so the 8½ years prior do not count, unfortunately. I have worked here my entire career. In September, it will be reduced to a Level 2 and I will not be allowed to stay. I would like to take the Voluntary Early Retirement Authority being offered. Will I be penalized the customary 5 percent per year under 30 years? I am 55 and, as of Jan. 22, have 20 years of career…
Q. Does the lump-sum payment for annual leave count against maximum earnings to be eligible for the special retirement supplement? Also, if I choose a retirement date and the application begins processing, can I back out before that date?
Q. I retired from the Postal Service last year and, when I received my CSA 1099R, it has my FERS annuity and my special retirement supplement taxable amount combined. If the supplement is taxed like Social Security, which is different from my FERS annuity, why are they combined on my CSA 1099R, and how do I separate the two on my tax Form 1040A? My gross income will be over $44,000 and, from what I have been reading, at that amount, I should only be taxed on 85 percent of my supplement. Is this correct?
Q. I am 55 years old and plan on retiring when I turn 56 (minimum retirement age) with 30 years of service. I worked for 4½ years under CSRS and then had a break in service for almost three years. When I went back to work, I was put in the CSRS Offset and worked for another five years. I then had another break in service for two years before going back to work. At this point, I switched to FERS. Am I entitled to the special retirement supplement when I retire?
Q. I am 52 and I want to retire when I reach 57. I started my career with the Postal Service in 1993, which gives me 20 years. I am in the Air Force Reserve with 30 years (four years and six months active) and I also have nine months of deployment on active duty. Will I be able to buy back the full five years and three months so I can meet the 30-year requirement at age 57? How is the special retirement supplement calculated under age 62?
Q. I am 55-year-old postal employee with 27 years of postal service. I have read that a Voluntary Early Retirement Authority will be offered to eligible employees. Would I be eligible for the special retirement supplement? I also have an Equal Employment Opportunity case that has not been adjudicated, how would this affect my case? Would it still go forward?