Q: I may become a re-employed annuitant for the FAA very soon. I retired six years ago from FAA as an air traffic control specialist after 23 years with a 50 percent CSRS annuity. Before I worked for FAA, I had three years of military service that I did not make a deposit for before retirement (since I was only going for the 50 percent minimum ATC retirement). If I comply with the supplemental annuity requirements (work full time, and deposit 7 percent of the unreduced salary for each year I work) and work for four or five years; will…
Browsing: military service
Q: I retired from the Air Force after 27 years of service. I have now been working for TSA for three years for a total of 30 years of federal service. When will I be eligible for retirement from TSA and does my time in the Air Force count toward a future retirement? A: You will be eligible to retire when you have five years of civilian employment. You will only receive credit for your years of active duty service if you make a deposit to the civilian retirement fund and, at retirement, waive your military retired pay.
Q: I’m 45 and will retire as a military reservist next year with 21 years of service. I joined the federal workforce in 2004 and am considering buying back the 14 years of active duty toward my federal retirement. When I retire, will I be able to draw both a military reserve retirement and federal pension? The way I read the regulation is that if I buy back the military time I would have to waive my military pension to get a federal pension. Is that correct? Could you offer additional insights on the pros and cons of the subject?…
Q: I am a Vietnam vet and receive disability payments from the VA based on the illnesses caused by Agent Orange. I was rated at 50 percent. I was in the Army for three years. I also plan to apply for Social Security disability due to other disabilities that are not service related. Will my benefits from the VA be reduced because I do this? A: No.
Q: I serve in the Air National Guard and as a full-time technician (dual status). I have been nonre-enlisted in the military at 58 and will have to leave the civilian technician position (GS-11) on April 11. My service comp time date is Jan. 18, 2000, which includes a five-year military buyback. Will I be eligible for the Social Security supplement when I leave/retire in April? Basically, if I cannot serve in the military I cannot hold the position. I have a projected income of about $1,200 monthly from Social Security at age 62. I will receive a “guard pension”…
Q: I did served years and three months of active duty with the Coast Guard and then I enlisted in the Coast Guard Reserves. I am also employed with the federal government. Since I am still in the military, do I need to buy back my time? I plan on doing 20 years with the Coast Guard as well. A: Yes, you do if you want to get any credit for it. And the sooner you make the deposit, the less you’ll have to pay in interest.
Q: I retired in July 2009, when I was 53 ½. I was a FERS employee, Air National Guard, and I retired early under the VERA (Volunteer Early Retirement Authority). I received a $25,000 buyout at retirement. I recently started a job with a private-sector company that overhauls aircraft parts for the military from all branches. About 90 percent of their business is from contracts. I was wondering if my retirement status would interfere with working for this company. Does this fall under the five-year rule? What kind of penalties, paybacks, or reduction in benefits would be associated with this…
Q: Can you tell me how to compute my retirement pay of which I have nine years, three months, 20 days post-1956 military time that will be paid off soon? Also, I have 30 years in the post office of which the first six years are under CSRS and the rest are FERS to this date. My other question is, what years are included in the FERS supplement computation? Is it my whole 30 years of service in the U.S. Post Office or just the FERS service time, which is 24 years? A: The CSRS component of your annuity will…
Q: I will turn 62 in September. I had 16 years of honorable service in the Navy, April 1969 to April 1985, before being hired into the federal civil service in December 2009. I do not draw a retirement from military service. Do I have to have five years of federal civil service to qualify for retirement at age 62, or will five years of the military service qualify for the five-year requirement? I realize that I have to make a deposit to cover the time I spent in military service. A: You have to have five years of civilian…
Q: I entered 1811 service at 36 after five years of military time and six years of non-1811 federal service. I have bought my military time in. Am I correct in calculating the following for retirement: 20 x 1.7 = 34 percent 6 x 1.0 = 6 percent (non-1811 federal service) 5 x 1.0 = 5 percent (military time) Total: 45 percent of high three. A: Yes.