Browsing: minimum retirement age

Minimum retirement age

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Q. My wife is under CSRS with 31 years of service, but we are concerned that she may be moved into CSRS Offset upon retirement. What is the minimum retirement age for someone in this position? A. CSRS Offset applies only to employees who had a break in service that exceeded a year and ended after 1983, and had five years of service as of Jan. 1, 1987. If that doesn’t describe your wife’s situation, then she is a pure CSRS employee. Like any CSRS or CSRS Offset employee, she can retire at age 55 with 30 years of service.

Creditable service

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Q. I enlisted in the Marine Corps in 1984 and retired in 2004 with 20 years of service. In March 2006, I was hired as a Defense Department civilian and have been so to date. I completed my deposit for Military Service Credit in 2011 and have my letter for “paid In full.” I would like to retire at MRA 56 years, four months (1966). Does my time in service (military), if combined at retirement, override the minimum years of creditable service, therefore foregoing the penalty for retiring under age 60. My understanding is that you need MRA plus 30…

Phased Retirement

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Q. How does WEP work under Phased Retirement? A. Just the way it always does. If the individual retires before age 62, his Social Security benefit is reduced if he has fewer than 30 years of substantial earnings under Social Security. If he retires at or after age 62, the reduction occurs when he retires.

Retirement age

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Q. I am a federal law enforcement officer. I am aware that I can retire at age 50 if I have 20 years experience in a primary law enforcement officer position. If I have 20-plus years primary law enforcement officer experience, but separate from the government at age 47 or 48, can I still receive benefits beginning at age 50?  Would I still be able to receive my pension, health benefits, etc., beginning upon my 50th birthday? Or am I required to work for the government up until my 50th birthday? A. If you don’t wait until age 50 but…

Service computation date and FERS retirement

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Q. I am contemplating retirement with a separation date of Jan. 6, 2014. Under FERS, my creditable service for retirement (on Jan. 6, 2014) will be 29 years and two months (service computation date of Oct. 24 1984). My creditable service for RIF and leave (on Jan. 6, 2014) will be 31 years and seven months (service computation date of June 20, 1982). The estimate I have indicates the MRA+10 provision, reducing my annuity by approximately 35 percent (5 percent each year under 62; I will be 57 in January). From an eligibility standpoint, which would be the correct creditable…

Military buyback and reserve retirement

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Q. I served in the Air Force on active duty for nine years, from 1994 to 2003, and have continued to serve in the Air Force Reserve since separating from active duty. I plan to work at least 25 years in the Air Force (combined active duty and Reserve). I have been a civilian federal employee since 2003. I am 45. My minimum retirement age is 56 years and 6 months. If I buy back my nine years of active-duty time toward a FERS retirement, will I lose anything from my eventual Reserve retirement? Will my nine years of active…

FERS retirement and leave

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Q. I am a FERS employee and was hired in January 1984. I will reach MRA (56) with 31½ years of service in early July 2015. What is the best day for me to retire in 2015 to get credit for the most annual and sick leave?

FERS retirement options

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Q. I have some vague idea that some benefits are linked to completing 10 years of federal service, but I can’t find details or facts. I’m under FERS, have a service computation date of 2004, have worked full time since 2007 and worked TERM appointment 2004-2007. I thought I would last until 2014. However my elder parent and young grandchild could both use my service and time, and thus I am considering leaving before my 2014 date and working from home in a nonfederal job. How would that affect my benefits — just resigning before 10 years? I’m only 55…

Military buyback and retirement effect

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Q. I’ve been working for the Department of Veterans Affairs since February 1991 at GS 11. Before that, I was in the military from October 1981 to February 1988. I haven’t bought back my military time yet, but I am considering it. At what age would I be eligible for retirement with military time included versus without, and what would be the difference in earnings and benefits?

MRA and special retirement supplement

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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.

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