Q. I am a FERS retiree on a discontinued service retirement/involuntary because my agency was closed in 2012. I have applied and will interview for a permanent part-time economic assistant position with the Department of Labor. I’m trying to determine: 1) Will I remain retired if I get and take this permanent part-time position? 2) Can I receive my full annuity and this part-time salary, or is my salary reduced? 3) If my salary is reduced, how do I calculate the reduction? 4) What other benefits are there of taking a part-time position in my case? For example, how much…
Browsing: part-time employment
Q. I’m a rural mail carrier and am wondering if I would qualify for an early out when/if offered. My duty date is April 1984 (29 years), but I was hired as a sub (rural carrier associate) and didn’t become regular until 1990, so my retirement computation date is January 1990 (23 years). But I recently turned 49, so I would need 25 years of service to retire under an early out because I am under age 50. I would have 25 years in if the counting period included my sub years. Are my years of service calculated from when…
Q. My entrance on-duty date is May 1971, and I was reading that employees stop getting the government contribution to their retirement at 41 years one month. Would this apply for part-time employees? If not (being optimistic), would they factor in the part-time years of service and add on the years to equate to this timeline? For example, for someone who worked 10 years at 20 hours a week, deduct five years and continue contribution till the total 41 years one month are completed. Also, is there a ratio of how many retirees elect to take out an insurance policy…
Q. I am a GS-1811 employee with 32 years of service, 25 under law enforcement coverage. I worked 14 of the law enforcement years part time, four days a week. Will I still be required to retire at the end of the month in which I turn 57, or will my mandatory age retirement be extended by the amount of time I worked part time?
Q. I am a full-time Veterans Affairs Department employee and would like to reduce my work hours. Is there a specific number of hours that is still considered full-time (such as 32 or 35, as is sometimes found in the “real” world), or is any number fewer than 40 hours considered part time? Fewer hours with full-time benefits would be nice if that option is available, as opposed to prorated benefits and increased premiums for health benefits. A. Per OPM’s rules (5 CFR part 340), a part-time work schedule is 16 to 32 hours a week. Once an employee works…
Q: I have a friend who is eligible for retirement but wants to continue to work part time for the federal government in the same area. How is their retirement calculated for part time work? A: Tell your friend to go to www.opm.gov/retire/pubs/handbook/C055.pdf and scroll down to Subchapter 55B. Although this information originally only applied to FERS employees, thanks to a change in the law, it now also applies to those covered by CSRS.
Q: I recently had my retirement pay calculated. I was a part-timer during my first three years of employment — approximately 25 hours per week. I subsequently have had 13 years of full-time federal employment. It appears that I will incur a 10 percent penalty in my retirement pay because of those part-time years. Do you know if that will always be true no matter how long I stay as a federal employee? A: The longer you work, the smaller the reduction in your annuity will be.
Q: I have a question on returning back to work part time in a federal job. I retired in February 2004 from the Postal Service. I retired in the Federal Employees Retirement System. I am thinking of returning back to work with the Transportation Security Administration. If I do, will it affect or reduce my annuity and my supplemental allowance? A: Unless you are hired into a position that allows you to keep both your annuity and the full salary of your position, your new salary will be reduced by the amount of your annuity. Check before accepting the job.
Q: I worked in a federal job as a temporary employee where no retirement deductions were taken out for seven years. I was then converted to a permanent employee. I am now 62 years old with 33 years of federal service and a service computation date of 1977. I am looking at retirement but I am reading about the requirement to pay a deposit back so that my annuity will not be reduced by 10 percent. How do I go about determining what that amount is, and how do I pay it back? A: Because your period of nondeduction service…
Q: I retired from a federal agency this year and accepted a buyout from my organization. I am not ready to stop working and need to continue working part-time. I know that I cannot seek employment with another federal agency or contractor within five years without having to repay the buyout money. Does this rule apply to all other jobs, like working for public school systems, the state offices of congressman and senators, or state government offices? What are my options for seeking employment? A: The repayment requirement applies to all federal jobs. It doesn’t apply to employment with state…