Q. I’m a CSRS employee. I am eligible for retirement. I’ve passed my 62nd birthday and will not have enough quarters to be eligible for Social Security. I have heard different accounts of whether there is a way to get a refund on the money I paid to buy back my six years of military service time. Since I will not be eligible for Social Security and I paid the full amount to be sure I would be able to get credit for my military service, is there a way to get a refund on the nearly $8,000 I paid,…
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Q. As part of an Equal Employment Opportunity Commission settlement, my agency wants me to accept a federal disability retirement and is willing to put me on administrative leave while waiting for approval. I am a federal law enforcement officer with 21 years service, and my high-3 is about $128,000. I recently had a spinal fusion. I will get around $70,000 in disability retirement the first year, and if I get denied by Social Security, I can ask to continue at 60 percent rather than 40 percent, which would give me $70,000 per year. This would work out better than…
Q: I have a friend who retired from the Civil Service Retirement System in 2002 and was divorced at the time. His ex-wife will not receive a survivor annuity per his divorce decree. He is going to get remarried this summer and will elect full survivor annuity for his new wife. He knows his monthly annuity will be reduced but he is curious to know if the reduction would be the same as if he had been married all these years, or will there be an additional amount deducted to make up for the years since he retired? I hope…
Q. I am retired under the Civil Service Retirement System Offset. I left the government in 1982 after 10 years of service and withdrew my pension. I returned to work in 1985 under the offset pension and retired in 2000 after a total of 25 years of service. I am now working under Social Security in the private sector, and will have 15 years of Social Security not counting federal work at age 62 when it will be mandatory for me to collect Social Security because of early federal retirement. How will this affect my pension/Social Security? Will it be…