Browsing: Early retirement

Q: As a federal firefighter covered under the Federal Employees Retirement System, I have to retire at age 57. I have been told that that under FERS, we get a Social Security supplement and as such we are limited in what we can earn after retirement. Is this true? I know that when one retires and draws Social Security, one is limited to $14,160 per year in earnings from other sources. Is this the case when we are forced to retire at 57? A: Yes, it is. In 2010, if you were to earn more than $14,160 from wages or…

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 am a Civil Service Retirement System employee who is now receiving a disability pension. What happens if I am able to go back to work but the Postal Service doesn’t have any openings and I can get a job in the private sector? I am 57 years old with 28 years with the postal service. Do I have to wait until I am 60 or 62 years of age to retire (deferred retirement)? Also, is there an earnings limit if I retire as a civil service retiree like there is under Social Security? A: If your disability annuity…

Q: Can you please explain the process for deferred retirement under the Federal Employees Retirement System? If I decide to retire from federal government service early (with 25 or more years of service, but not the age) and defer retirement benefits, is the annuity when received not reduced? Also, if I move to another government system (e.g, state or local government), could I continue to receive my federal annuity when eligible at 56 years of age? A: Any employee leaving government before being eligible to retire can apply for a deferred retirement at a later date. If the employee has…

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