Browsing: CSRS

Q. My service computation date is Oct. 15, 1979, and I was eligible for my CSRS annuity on Sept. 23, 2008 (60 years old; 29 years of service). My plan is to retire Sept. 30. This will give me 34 years, one month and 23 days of service, counting sick leave. Is my retired pay based on my age now (65 years old, five years or 10 percent over the 60/20 requirement) or my years of service (34 — four over the required 30 years or 8 percent over the requirement)?

Q. I retired in 2006 under CSRS as an air traffic controller. I had 33 years of government service between the Air Force and the Federal Aviation Administration. I started receiving Social Security disability payments this month. I receive a periodic statement from the Social Security Administration stating what my benefits are and how much I would receive each month. The statement showed $1,200 a month. I receive $705 a month instead. I’ve earned enough credits working prior to and after my CSRS career. Why am I penalized when I have earned both benefits in my opinion?

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.

Q. I am a full-time Postal Service employee covered under CSRS. I have more than 30 years of service (active Postal Service + military buyback). I am still too young to retire, and will probably work another seven to 10 years. Recently, I changed to a nontraditional full-time position (NTFT) of 35 hours per week. Can you tell me how this reduction in weekly hours will effect the calculation of my high-3 in regards to my retirement? How far out from my retirement date would I need to change back to a full-time (40 hours per week) position to regain…

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?

Q. I became a CSRS retiree as of Nov. 30. I received my first pension payment for December in early January. I always thought that I would be eligible for my first cost-of-living adjustment starting in 2014. But the retirement article “2013: Employee pay is frozen, but retirees get 1.7% COLA,” states: “If you’ve been retired for less than one year when you become eligible for a COLA, the amount you get will be proportional to the number of months you’ve been on the annuity roll. For example, if you were on the annuity roll in June 2012, you’d receive…

Q. I retired in 1997 with a survivor benefit for my wife. She passed away in 2007, and the survivor deduction stopped. I am going to remarry, and I know the first deduction will be the 10-plus percent so I can give my new wife health insurance, but how much of a payback will be deducted, and what percentage can I leave her? I am 71. My retirement is about $67,000. I am figuring that I will have about a $12,000 deduction when I remarry. I am thinking of getting a separate health insurance policy for my new wife plus…

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