Q. I am covered under CSRS and am retiring Dec. 29. I will have an annual leave balance of 440 hours, which includes hours I must lose or use at the time of retirement. Normally, 240 hours of annual leave carry over to the next year. Will I forfeit the extra hours, or will I get a lump-sum payment for all of the 440 hours of annual leave? A. For most employees, the leave year ends Jan. 12, 2013. Therefore, you’d be paid for all your unused annual leave.
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Q. I retired on disability about five years ago. I am in CSRS. My annuity statement shows no deduction for the survivor annuity. However, when I got the personalized little book they give you when you retire, it mentions the survivor annuity and how much my wife would get. Am I missing something? Is my wife covered by the survivor annuity I provided? And if this is an OPM snafu, how do I correct it? Also will I be on the hook to pay back any premiums I would have paid to provide the survivor annuity? A. Yes, your wife…
Q. I am 62, and I plan to retire at the end of the year with 39 years of civilian government service. All this time, I have worked under CSRS. I have also worked part-time jobs totaling about 13 years. Given the number of year I’ve been in the government, I should receive about 77 percent of my high-3; will my CSRS retirement payment be reduced because I am eligible to receive Social Security? How does that work when you are eligible to receive benefits from both retirement plans? A. Being eligible for a Social Security benefit won’t affect your…
Q. After how many years of federal service (all as a Department of Defense employee with military buyback) under FERS do you max out (percentage wise) for retirement? A. While there is an 80 percent limit on an earned annuity under CSRS, there isn’t one for FERS. That’s because even using the higher .011 multiplier, you’d have to have 73 years of creditable service to reach it.
Q. I’m a CSRS retiree under Blue Cross Family Plan 105. My wife is still working. She has just taken a new private-sector job with full health benefits. If I drop her from my FEHBP and go to self status, can I re-enroll her later under my Blue Cross coverage when she quits or retires? A. Yes, under Qualifying Life Event 2G if she loses her coverage under a nonfederal health plan.
Q. My husband is a CSRS employee who will retire in two years. I am a FERS employee who will retire in three years. My question is this: I have always paid into Social Security, and the projected survivor benefit is $2,298. If my husband is a CSRS retiree, would he see any of that survivor benefit if I were to die before he did? If so, how would I calculate that to get a feel for what he could expect? A. If you were to die before your husband, any Social Security survivor benefit to which he’d be entitled…
Q. I entered on Ready Reserve status June 23, 1972, where I remained until Aug. 6, 1972, when I was provided discharge papers. I performed active Air Force service from Aug. 7, 1972, until Sept. 1, 1998 (more than 26 years). I started civil service Feb. 25, 2000. I was promptly placed in FERS. Should I not have been placed in CSRS — as I had more than five years of potential creditable service before Jan. 1, 1987? I have paid the military deposit required to get credit for my military service at the time of retirement from civil service.…
Q. To obtain the 30 years needed to qualify for the FERS Supplement, can I use only actual time employed under FERS, or can I also use time employed under CSRS that was bought back by doing a redeposit, and can I also use military time that was bought back? I am under FERS code 8 retirement system and will retire shortly under FERS with the minimum of 30 years required, but I want to make sure I can use any and all federal employment to make sure I qualify for the FERS Supplement before I retire. I have reached…
Q. I have been under CSRS since 1983 with the USPS. I was sent home from the National Reassessment Program claiming no work available and have been in the Office of Workers’ Compensation Programs since April 2010. I’ve been through vocational rehab training and still cannot find work. I am struggling financially, and I need to know which one will benefit me more: the VERA/$15,000 incentive or disability retirement. A. I can narrow the field for you. First, because you have a disability such that you are or would be eligible for disability retirement, you are barred from receiving a…
Q. I am a CSRS postal employee considering retirement, with the offer of $20,000 Special Retirement Incentive as a postmaster. I am 55 with 30 years of service. Under service history, I have listed as unfunded, work from Aug. 22, 1979, to Oct. 5, 1979. This is one month and 14 days of service. In addition, the history lists this service under U.S. Postal Service when the work was for the U.S. Census Bureau. Should I be concerned about getting the agency information corrected on this? I was first employed by the Postal Service on June 19, 1982. I assume…