Q. I have 13 years of service as a Secret Service special agent under FERS. I am considering leaving the service at 20 years, but I will be only 43. If I understand correctly, I must maintain a government job until age 50 to receive a retirement package that would give me a 41 percent retirement benefit (34 percent from my Secret Service time and 7 percent from the other government work from age 43-50) plus the full FERS special retirement supplement, as well as being able to maintain my FEHB. Is that true? Am I giving anything up by…
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Q. Will the government continue to pay a portion of health care premiums after I retire (as a FERS participant)? Or am I on the hook for the entire premium at that time? I anticipate retiring at age 67 with 36 years of service.
Q. I’m 51 with 27 years of technician service in the Army National Guard and may be medically disqualified on the military side of the house. I’m wondering if this falls under the FERS discontinued service retirement formula or if it would be a FERS disability retirement and fall under the formula of 60 percent the first year and 40 percent after that.
Q. An employee is resigning with two years of service and has asked for a refund of his military deposit. Can a federal employee get a refund of his military deposit without taking a refund of his FERS retirement?
Q. I have a question about MRA+10 retirement. I am a FERS employee, age 58 with 26 years of service. Can I retire now on an unreduced annuity and also collect the special retirement supplement until I reach age 62? Or do I have to deduct 5 percent for each year I am under the age of 62? Or is the 5 percent deducted from age 60 because I have at least 25 years in? In any case, the ability to collect the supplement would be key for me.
Q. I am 60 and have 18 years of FERS service. Also, I have been an Army reservist for 25 good years, with two years of active-duty time, and about 2,200 points, of which about 720 are from active duty. 1. Could I buy back military time that would bring me up to 20 years of FERS service so I could retire now, instead of waiting for age 62? 2. If I buy the two years back, I would still have more than 20 years for an Army Reserve pension. Must I waive the whole thing, or just the pay…
Q. I am planning to retire at age 62 with 22 years in the federal government and in FERS as a Title 38 employee. I am aware that there will be a limited amount of money I can make without affecting Social Security benefits. If I came back to work in my agency as a contract, fee basis or a consultant, would there be a penalty or offset in my federal FERS annuity?
Q. I’m trying to help a prospective retiree. She is 77 and is receiving a Social Security survivor annuity from her deceased husband. She is in CSRS Offset. The Social Security office seems to be unfamiliar with CSRS Offset and is answering her questions by telling her she’s FERS, which she is not.
Q. After serving 12 years in the military, I went to work for the federal government Jan. 13, 1982, and left federal service in October 1987, having served five years and nine months. I was in CSRS that entire time. I withdrew my CSRS contributions when I left. I came back to work for the federal government in July 2006 and was placed in CSRS Offset, with the option of going into FERS. I opted to be in CSRS Offset. At that time, I paid the deposit plus interest to get credit for my military time for pension purposes. I…
Q. I am revisiting my life insurance needs and want to ensure I understand FERS survivor benefits. I have more than 20 years of 1811 experience, but I won’t turn 50 until next year. If I die before I turn 50, will the survivor annuity be calculated at 10 percent for my first 20 years of 1811 experience or at 17 percent for those years? If I die after I turn 50 but am still employed by the federal government, will the survivor annuity be calculated at 10 percent for my first 20 years of 1811 experience or at 17…