Browsing: age

Two pensions?

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Q. I retired from the Marine Corps after 21 years of service in 2002 and I’m receiving retirement pay. I began working with the State Department and will be eligible to retire at age 59 with 20 years of service. Will I be able to retire from the State Department and receive a pension and still receive my pension from the Marine Corps?

Military buyback and annuity

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Q. My husband had 16 years of military service (no retirement received). He is now 65 and may soon be employed in civil service. At age 70, he would have about 21 years of federal employment and military combined. Is he then eligible for retirement at age 70?

Special retirement supplement

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Q. I retired under FERS with over 30 years of service in May 2009 and began receiving the special retirement supplement. The SRS was eliminated when I exceeded the Social Security earnings limit working in the private sector for the next three years. I fully retired in May 2012, after I again exceeded the $15,000 earnings limit for 2012. Do I need to contact Social Security to let them know I am no longer working? If so, is there a form I need to submit? Also, when can I expect my SRS to be reinstated? I won’t be 62 until May 2015.

Buyout likelihood

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Q. I am a federal employee under CSRS with 40 years of service this year for the Veterans Affairs Department at age 60. I am the only person at my facility doing my job and the only one in this facility with full knowledge of my job task and responsibilities. Is there an opportunity for a buyout in this position? Do I need to ask human resources if there is a chance for buyout potential?

Phased retirement

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Q. I am eligible to retire under CSRS in September (age 55 with 30 years). Will phased retirement be in place for me to consider on or before that date?

Best time to retire

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Q. I am a CSRS employee who will be 55 years old in September 2015 and will have 38 years of federal service. Some are telling me to stay until I have 41 years because of the added benefit. What’s the big difference? I’d like to go as soon as I’m eligible.

Sick leave and creditable service

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Q. I am a CSRS Offset employee in a law enforcement position. I plan to retire Sept. 1 at the age of 50 with eligibility service credit of 23 years, nine months, and 12 days. I have over 650 hours of sick leave. My computation service credit is 30 years, 11 months, and nine days without including the 650 hours of sick leave. Does including the 650 hours of sick leave to my computation service credit provide me with any additional annuity? Also, will my annuity be based on my eligibility service credit or my computation service credit?

Social Security reduction

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Q. I am a retired GS-1811 (federal law enforcement) CSRS retiree (2005) with 25 years civil service and 7 years military I bought back. I’m 59 now and when I reach 62 or older and want to collect Social Security, I know my CSRS retirement will be reduced, but by how much? I used SSA.gov/estimator and got the figures, but there was no place to enter the fact I have a federal retirement. Do the figures I received on SSA.gov/estimator already factor my federal law enforcement retirement?

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