Q. I am a GS-12 FERS eligible employee with five years of service and am 46. I receive a military retirement of $21,684 per year for 20 years of service and plan to work an additional 10 years until age 56, for a combined total of 40 years with (if) converted military retirement credit, which would be based solely on your actual years of FERS service. According to my calculations, a FERS retirement at 56 would provide $32,000 per year (40 years x .01 percent x $80,000), minus a 30 percent reduction of $9,600 due to the age penalty, leaving $22,400 yearly.…
Browsing: military service
Q. I am a GS employee who was fully employed by my agency from 1992 to July 2004 and then involuntarily recalled to active duty (reservist), title 10, for two years. I am still affiliated with the agency and have an active SF-50. I am also still on active duty, but on voluntary orders with a five-year limit. Can I buy back my Title 10 military service for a FERS employee while on LWOP-US or annual leave while on voluntary military orders? The result would be 14 years of federal service, to include two years of military service and 12…
Q. I served four years in the Navy and four years in the Army consecutively, and two tours in Vietnam in the Navy. In mid- to late 1987, I began working at the Federal Bureau of Prisons under FERS as a correctional officer. I worked for 11-plus years in the prison system and left. I cashed out my TSP. I am 59. With nearly 20 years of service, if I were to return to federal employment and work for several more years, would I qualify for retirement and a federal pension? A. Yes. If you didn’t take a refund of…
Q. I retired with 30 years of active-duty service and plan to retire at 62 with 14 years of civil service retirement. How will my retirement for each be affected, if at all, with respect to Social Security benefits? Will I receive social security at all? Thank you. A. You’ll be able to receive you military retired pay, a FERS annuity based on your FERS service and a Social Security benefit. The Social Security benefit will be based on all your years of Social Security-covered employment.
Q. I retired in 1993 with 24 years of service and 30 percent disability. I am a government employee under FERS with 12 years. When I retire, will I able to receive both FERS and my military retirement pay without a reduction in pay? A. You would be able to receive your military retired pay and an annuity based solely on your years of actual FERS service.
Q. I retired from the Department of Veterans Affairs after 42 years of CSRS service. I also retired from the U.S. Army Reserve with 31 years of service. In the Reserve, I paid into the Social Security system. I always understood that I would not receive Social Security payments due to the windfall elimination provision or government pension offset. However while I was visiting a Social Security office on another matter, a rep told me that because I paid in for more than 20 years, I would receive a percentage of my Social Security entitlement. Is this true, and if…
Q. Hello, I have seen many questions about getting credit for military service when retiring under FERS, but I wonder if it works the other way, too. If a person was in the military, separated from service and worked for the federal government under FERS, and then went back into the military, is his FERS time creditable to his military retirement? A. No.
Q. I have been a FERS 6c employee for eight years. I have 12 years of active-duty military service. I have already put in two weeks’ notice to leave my 6c job but would like to buy back my military time to increase my deferred annuity. Do I have to buy back the military time before my employment terminates? A. Yes.
Q. Hello, I’m a civil servant with a retirement service computation date of Aug. 28, 1986. This includes approximately 15 years of civil service time under FERS and two active-duty stints for the remainder. I have two DD-214s to account for the military time. My question concerns the noninclusion of other active-duty time I completed while a reservist. I completed approximately four more years of active duty between 1989 and 1997 that was not documented via a DD-214 — active duty for training, for example. I understand that inactive training periods don’t count toward the computation, but does the ADT…
Q. Will VSIP income, upon retirement, count toward credits earned for Social Security eligibility? I served in the military for four years in the early 1970s. I never bought that service time back. I have earned only 30 Social Security credits and thus won’t be eligible for Social Security benefits at age 62. I am 60 and federally employed with 42 years under CSRS. If I accept a VSIP ($25,000 gross) upon retirement before age 62, will that money count toward Social Security credits earned? If so, how many? And will the credits reduce my annuities at age 62, having…