Browsing: high-3

Q. How much will my retirement be when I turn 62? I rotated back to the states after more than 22 years of federal service. I was effectively terminated from my position due to the five-year rule in Europe. I was under CSRS. I will not turn 62 for five years, but I would like to know how to get information regarding my CSRS account status.

Q. I am 55 with 36 years of federal employment, including two one-year breaks in service. The last break was in 1985. I withdrew the funds I had paid into CSRS each time I broke service and have repaid a minimal amount of it. I thought I would be one of those people who worked forever; however, I have a progressively degenerative medical condition and likely will not be able to work more than another year at the most. I am totally ignorant about retirement and to what benefits I am entitled. For example, will my pension benefits be reduced…

Q. I’m 44 with 16 years in a covered federal law enforcement position plus three military years (which I haven’t bought back yet). How soon can I retire? When I reach 20 years in service, I’ll be only 48, or do I have to wait to reach 50? Could I retire then, and if so, what would I be leaving on the table?

Q. As a WG/WL shift worker who change days off every four weeks and works Sunday premium days and all holidays, can I count on these extras in my retirement pot? I am almost certain that overtime and bonuses are not included. I have looked in 2012/2011 almanac for the answer. To me, the almanac is geared toward the GS side of the family. I am planning on retiring soon after 41 years. From what I can see, my high-3 is based on straight M-F day shift base pay.

Q. I started working for the federal government March 10, 1975. If I retire Dec. 31, 2015, by my calculations, I will have 40 years, nine months and 21 days. Right now I have 1,142 hours of sick leave but have no idea how many I will have when I retire. Will any of that be counted toward year and months of service? I’m only a GS 7, step 10, so I need to know what percentage of my retirement pay I would get. My high-3 is more than $50,400 with locality pay. I understood that where you are living…

Q. I worked for the Department of Defense as a civilian physician for 16 years and then transferred to the Veterans Health Administration. I understand physician comparability allowance is part of basic pay for retirement for VHA. So, if I worked for the VHA for two years and then retired because I am at minimum retirement age plus 10, how would my annuity be calculated?

Q. I’m going to be doing charity work for several months in 2014. I’m considering requesting a leave of absence for it (I understand such leaves are at the discretion of management). If I’m not granted the LOA and I resign, how will a few months (seven to eight total) affect my retirement? I plan to rejoin federal service after the charity event. I’ve consulted my local HR department and OPM, but I’ve received conflicting information. If I’m granted the LOA, is my high-3 affected by such an absence? Then, assuming I’m not granted the LOA and I resign, can…

Q. I am a federal worker at a VA hospital. I am a General Schedule employee under CSRS. I switched to night shift and work lots of weekends to boost my last three years of earnings. I read in OPM under CSRS/retirement/High-3 Average Salary, “Your basic pay is the basic salary you earn for your position. It includes increases to your salary for which retirement deductions are withheld, such as shift rates. It does not include payments for overtime, bonuses, etc.” I still am not sure if night shift will work out to a bigger retirement annuity. I make plenty…

1 2 3 4 31