Q: I am a USPS/FERS employee. Will I get credit for months and days in excess of a complete year, or are the computations done by rounding down or up to the nearest whole year? I retire Jan. 1, 2011. My total time is 30 years, three months and 17 days. A: Annuity computations are based on whole years and months. Any left-over days are combined with unused sick leave to create additional months. Any days in excess of a month are dropped.
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Q: I am a postal worker under CSRS and I will be retiring on Dec. 31 with 37 years. Will my unused annual leave be taxed on my 2011 income? A: Your lump-sum payment will be taxable in the year it is received.
Q: My brother retired from the U.S. Postal Service a few years ago. He passed away a few weeks ago, and his wife asked the San Antonio post office how she could apply for his insurance. She was told that he had no insurance. He specifically told me that he did: I retired from civil service and have insurance, and my brother said that he had the same sort of coverage. If he has a claim it would be a great aid to his widow. A: His widow should call the Office of Personnel Management’s Retirement Information Office at 888-767-6738…
Q: My husband has been working for the U.S. Postal Service for 26 years. He is 53 years old. He is entitled to Federal Employees Retirement System benefits at age 56, but he wants to retire now due to health issues. Can he do that? A: The only way he could retire before reaching his minimum retirement age would be if he was approved for disability retirement. To find out if he is eligible, he’d have to file for disability retirement and, at the same time, file for Social Security disability benefits. His personnel office can help him do that.
Q. I’m a CSRS postal worker considering retirement. What happens to the money I’ve contributed to my pension when I retire or die while retired? A. Because you would have already paid taxes on the amount you contributed to the retirement system, a portion of your annuity will be nontaxable, following the rules published by the Internal Revenue Service. Therefore, if you have a spouse who is entitled to a survivor annuity, any contributions that haven’t been paid out to you would transfer over to his or her annuity and continue to be nontaxable until they ran out. If you have no spouse…
Q. I medically retired from the Postal Service in 2003 and received 100 percent total and permanent disability from the VA the same year. Post office retirement is under CSRS and I failed to do the military payback for two years, nine months of service. I have 12 years employment under Social Security and my wife has none. I will be 62 in four months and have received notice from OPM that my CSRS annuity will probably be reduced when I become eligible for Social Security benefits. I have received vast amounts of conflicting information from people that I suspect have…
Q. I have been having trouble finding an answer to this question: I served four years on active duty (1987-1991) and was hired at the Postal Service in 1995. In 2000 I joined the Marine reserves and plan on retiring from both the reserves and the Postal Service. The post office says I can buy back those four years and apply it to my postal retirement and it not affect my reserve retirement. My question is: Can I use it for both? I have found nothing in writing that says I cannot do this and the Postal Service says I…
Q. I took the USPS retirement buyout last October. When will we receive the final payment ($5,000)? A. That’s a question that can only be answered by your former agency.
Q. I am a postal worker who took the VERA along with the monetary incentive. I would now like to change my retirement to a disability retirement due to a condition I have that started while I was still employed by the Postal Service. Is this something I am able to do? A. Yes, as long as it is within one year of the date that you retired.
Q. I am a 47-year old female and will be applying for a Social Security disability. I have always worked at a job where Social Security taxes were taken out, so I assume I will not be effected by the Windfall Elimination Provision. I have worked for the Postal Service since 1997 and am covered by FERS. My Social Security earnings record starts in 1978. How will my annuity effect my Social Security disability? I am confused with all the formulas and rules. A. If you are approved for FERS disability retirement and a Social Security disability benefit, for the first…