Browsing: CSRS

Q: I am a GS-1811 law enforcement officer covered under the early retirement provisions of 6(c) and a Civil Service Retirement System employee. Can my four years of active-duty military service, for which I have made a redeposit into CSRS, be used to reach the 35 years (or 80 percent max annuity under CSRS) of total credited federal service (i.e., 31 years of actual federal LEO civilian service plus 4 years of military service equal 35 years of service annuity)? A: Your first 20 years of law enforcement service will be calculated using the enhanced formula: 0.25 x your high-3…

Q: I’m currently 62 years old with 29 years in federal civil service (Civil Service Retirement System), three years of prior military service and a service computation date of March 28, 1977. I plan to retire in 2010 and may have the opportunity to continue as a part-time employee. If I am re-employed by the federal government (possibly on the same job), would I be in the CSRS or the Federal Employees Retirement System? In addition, I have 25 credit hours with Social Security and need 15 more hours to make up for the 40 credit hours requirement to be…

Q: I am a Civil Service Retirement System Offset employee who has about 28 years of civil-service time with the Navy. I have about $19,000 to pay back for retirement money I withdrew. I have already paid back my military portion. Under a deferred retirement, I would be allowed to continue paying back my civil retirement debt up to six months before my 62nd birthday, which is when I’m suppose to file for retirement with the Office of Personnel Management. My divorce decree states once I retire from the civil service, the alimony ceases. Since a deferred retirement is one…

Q: I was hired on Oct. 18, 1982, with the Postal Service as a temporary employee. In April 1984, I became a career employee, but later “bought back” my temporary time, so all my Form 50s show a hiring date of Oct. 18, 1982. I have always paid Social Security on my earnings. I have never understood why I did not fall under the Civil Service Retirement System instead of the Federal Employees Retirement System. I tried to research it with human resources, and they said I missed CSRS by 17 days (something about the five-year rule). I have not…

Q: I plan to retire at age 63. I was in the Civil Service Retirement System for 11 years and did not take out my CSRS retirement contribution. I took a 14-year break. I re-entered the federal government under the Federal Employees Retirement System offset and was told that I should be in FERS. I agreed to be in FERS, as I wanted to be able to retire with a retirement system in place. I transferred to the FERS system and now have been in it for 13 years. I plan to retire in the next few years. Will I…

Q: How will the new rules that allow for crediting sick leave to Federal Employees Retirement System employees for retirement calculation purposes affect those who transferred from the Civil Service Retirement System to FERS during a previous open season? A: For those CSRS employees who transferred to FERS, when they retire, any unused sick leave up to the amount they had when they transferred to FERS will be credited to the CSRS component of their annuities; half of any unused sick leave above that amount will be credited to the FERS component. Only those who retire after Dec. 31, 2011,…

Q: I transferred to the Federal Employees Retirement System from the Civil Service Retirement System during the 1998 open season. At the time of my transfer, I had accumulated 1,675 hours of sick leave. I understood at the time that the credit for sick leave to be applied toward my retirement would be the lesser of my balance at the time of my retirement or the 1,675 hours, whichever was less. This amount would be applied to the CSRS component. I now have 2,544 hours of sick leave accumulated. I have accumulated an additional 869 hours of sick leave since…

Q: My question is about the original conversion of retirement withholding, which was converted to Federal Employees Retirement System. I began working for the government in October 1984. So, I was hired as a FERS employee. In 1987, when FERS was officially set up and the money that had been withheld from our paychecks was placed in our FERS accounts, I had $660, which stayed in a Civil Service Retirement System marked account. It stayed there for many years until I switched agencies, and it was no longer listed on my Leave and Earnings Statement. My question is, what exactly…

Q: I am preparing to retire under the Civil Service Retirement System. I believe that all of my ducks are in a row for this event, but there is one question that I have regarding leave benefits. I was a drilling Army reservist until I transferred to the retired reserve in 1998. I will be eligible for a pension when I turn 60 in four years. My question is in regard to the military leave balance that shows up on my leave and earning statement every payday. While working as a civilian employee, I was entitled to 15 days per…

Q: I’m 58 and have planned on retiring at the end of the year with 40 years and a Civil Service Retirement System annuity. I’ve saved all my annual leave and compensation time, and plan to bank the maximum credit hours to create a significant nest egg (new kitchen). I intended to keep working after retirement, and now they have passed what once was Senate Bill 629- Part-Time Reemployment of Annuitants Act. Sounds like my wish came true and nobody is laughing when I say I want to come back, but I’d like to only work half as many hours…

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