Q. I am a federal agent with the Department of Homeland Security. I have 18 years on and am 47 years old. If the furlough goes into effect, and they offer early-outs, is there a way for me to take it? Will I lose a huge chunk of my retirement? Will the deferred annuity work for me? I have a couple of prospects for private-sector employment with great benefit packages. I just would like to know is it worth staying the last two years. A. You don’t meet the age and service requirements for early retirement: age 50 with 20…
Browsing: law enforcement
Q. I am a law enforcement officer with 25 years of FERS service as an 1811 and recently (Feb. 1) turned age 50. I am eligible to retire but have no plans or desire to. I will be forced to retire at age 57. Do I have to retire on Dec. 31, 2019, when I am still 56, or can I retire the year I turn 57, which would be Dec. 31, 2020? Also, I would like to know, now that I have the 25 years of 1811 service time in, can I switch job series, to intelligence officer or…
Q. I will be RIF’ed on July 29 with 24 years and seven months of service. Do I qualify for a discontinued service retirement? How much will my annuity be reduced? I am 43 years of age. I am covered in a law enforcement officer position. Additionally, I have six months of sick leave. Can I use this time to meet the 25-year DSR time period for any age? A. You aren’t eligible for a discontinued service retirement. To be eligible for a DSR, you’d have to be age 50 with 20 years of service or any age with 25.…
Q. I am 55 years old and am looking to retire Dec. 31. I am in under CSRS and have 35 years as a federal firefighter. As of the end of 2012, I had accrued 600 hours of annual leave. I plan on saving my annual leave for this year and want to make sure that I will get paid in a lump sum for my accrued hours when I retire. Is this possible? A. As a rule, federal employees working in the U.S. may carry over no more than 30 days (240 hours) from one leave year to the…
Q. I am a 57-year-old federal employee with 11 years creditable service under FERS. Earlier in life, I became disabled as a result of a line-of-service duty incident after 15 years as a California law enforcement officer. I receive a lifetime industrial disability retirement (tax-free) from the California Public Employees’ Retirement System. I intend on retiring in five years, at 62½. Will I be subject to the windfall elimination provision due to my law enforcement employment outside of the Social Security system? Does my disability retirement play any role in reducing my Social Security entitlement? By my calculations, I will…
Q. What is the mandatory retirement age to retire from the federal government? I just turned 52 years old and will have 28 years of federal service in June. How many years can I work to reach the mandatory retirement age? What happens when I reach the mandatory retirement age and I decide not to retire at that time? A. With the exception of special category employees, such as law enforcement officers, firefighters and air traffic controllers, there is no mandatory retirement age for federal employees.
Q. I am eligible for retirement March 21 as a law enforcement officer under FERS. I will have 20 years of law enforcement experience and am age 56. Because I turn 57 in October (seven months later), I will be forced to retire Oct. 31. Aside from the extra approximately $8.56 per month I will get in my annuity for each month I stay after March and the benefit of having a full salaried job for seven more months, is there any advantage to me retiring under mandatory retirement age versus voluntary? The combination of my projected annuity and special…
Q. As a federal agent with 6c coverage, do I have to achieve 20 years of service *on* the day I turn 57, or can I achieve 20 years of service *during* the year I turn 57? For example, could I achieve 20 years of service in the sixth month of the year I turn 57, so long as I retire during my 57th year of age with 20 years of service? Everything I see says I have to achieve 20 years at age 57. A. You appear to be asking about the rules for mandatory retirement. If you have…
Q. I am facing mandatory retirement from a covered law enforcement position after 25 years. I would like to take a noncovered position in a different job series that’s nonlaw enforcement. Can I collect my full retirement? How would my retirement be affected? A. You could either retire and begin working in another position or transfer to another position and continue working. In the first case, the salary of your new position would, in most cases, be offset by the amount of your law enforcement officer annuity. In the second, you would continue to be a salaried employee. You could…
Q. I am a federal employee with law enforcement status. My mandatory retirement date is calculated as the end of the month in which I turn 57 years of age (March 31, 2014). However, I have determined that retiring at the end of the 2013 leave year, which is Jan. 11, 2014, is the best date for me to retire so that I may: 1) take advantage of the 100 percent sick leave credit now available to FERS employees, and 2) permit the maximum annual leave lump-sum payment available to me at that time. I can’t see any benefit to…