Q. I am a FERS employee with seven years of service. I was told at our retirement seminar that we could not draw more than two federal pensions. I will retire from the Air Force reserve in three years, and in another 10 years can retire from my GS position. We were told that if we elect to get the military retirement and the civil service retirement, we could not get Social Security. Is this correct? A. No. You will be able to receive your reserve retired pay, your FERS annuity, and a Social Security benefit based on all your…
Browsing: pension
Q: I will be retiring soon with more than 42 years of service. I have 8 3/4 months of saved up sick leave using the formula of 174 hours equals one month. I have earlier this year taken a few sick days. Can I convert the days I took to annual leave so as to restore my sick leave and give me nine months of sick leave to help increase my pension? A: You’ll need to check with you agency to see if they would be able to adjust your leave records and substitute annual leave for the sick leave that you actually…
Q: Has the retired annuitant act — which proposes allowing federal employees to retire and work part-time as a retired federal employee without an offset of your pension — been passed into law? Where can I find more information on this subject? A: That provision was included in Public Law 111-84, which was signed by the president at the end of October.
Q: I started my federal career Oct. 16, 1983, and had a break in service of three months in 1987, which caused me to have a new service comp date of Jan. 21, 1984. However, I remained a Civil Service Retirement System employee until voluntarily changing to Federal Employees Retirement System in May 1998. I resigned from federal service in June 2004. I left my retirement money in, but withdrew all my Thrift Savings Plan money, which I rolled into an IRA. In reading through all the literature available, it is my best reasoning that I will be entitled to…