Q. I am a re-employed FERS annuitant, and my salary is offset by my annuity. I have a CSRS component to my FERS retirement. When I first had my discontinued service retirement in March 2009, the CSRS portion of my sick leave was credited to my annuity. My FERS sick leave portion was not. When I returned to federal service in 2011, I was credited the unused FERS portion of my sick leave to my employee account. When I am eligible for a redetermined FERS annuity, after five years, what will happen to the original sick leave credited to the…
Browsing: re-employment
Q. My husband was a temporary federal employee for the Defense Department for five years. He was laid off in August. He had two years of military service, which he bought that time back, so in essence he has seven years of federal service. He is 60 years old. He put 10 percent of his salary in the Thrift Savings Plan. Should he leave that money in TSP or put it in another vehicle? Also, when he reaches retirement age (62), will he receive a pension for the seven years of federal service? He left DoD with a sick leave…
Q. I have a little more than 20 years of CSRS and resigned in 2001, leaving my contributions in place. I am considering re-entering and will be covered under CSRS Offset. If I work for three to four years and resign, will my deferred annuity at age 62 be based on the new high-3? I’ve heard conflicting information about how many years I would have to stay under CSRS Offset for a new high-3 calculation. A. Your high three is always the highest three consecutive years of average salary, regardless of when they occur in your career. For example, it…
Q. I retired under CSRS on April 30. What are the rules on my re-entering the federal workforce part time? I would like to keep earning my full retirement. A. Unless you were hired into one of those rare positions that allowed you to receive your annuity and the full salary of your new position, your salary would be offset by the amount of your annuity. If that was the case, being hired as a part-time worker could reduce your salary to a handful of small change.
Q. I have been employed as a rehired annuitant under FERS for more than three years and will retire again. While re-employed, I received both my annuity and the salary of my new position. What is the procedure in reference to my annual leave? Will I be given a lump-sum payment for it? And as far as sick leave, will my hours incurred be added to my time as an annuitant. A. While you will receive a lump-sum payment for your annual leave, you won’t get credit for unused sick leave, nor will you be eligible for a supplemental annuity.…
Q. I am a retired FERS annuitant with less than 20 years’ federal service. I retired as a GS-13 in December 2004 with 13 years’ service. Can I be rehired if I agree to give up my FERS annuity? A. Here’s what will happen if you are rehired. As a rule, the salary of your new position will be offset by the amount of your annuity. Thus, the total amount you receive will be the same; it will just come from two places. Note: In rare circumstances, you may be hired into a position that allows you to keep your…
Q. I have returned to federal service and want to redeposit my FERS contributions that were returned to me. Neither the Office of Personnel Management nor the Air Force Personnel Center can tell me whether the nine years of military time I bought back while I was previously a federal worker was returned along with the FERS contributions. Now that I have returned to federal service, the nine years of military service is not showing as credible time so I was hoping one of the experts here could shed some light on this for me. Would the bought-back military time be returned…
Q. I retired from federal service after 34 years, and now am looking at possible federal re-employment. Since I don’t have my latest SF-50, will my certified 2801 for time in service suffice as adequate supporting documents when applying for a federal position as a former federal employee? A. It would do just fine when you go for an interview. If you are hired, they’ll get your files from the National Personnel Records Center in St. Louis.
Q. I worked for the federal government from January 1981 to November 1990. I pulled my money from CSRS retirement and worked in the private sector until September 2010. Upon returning to federal service in September 2010, I paid Social Security and put money into my 401(k), which I have rolled into my Thrift Savings Plan. I am in CSRS Offset, I declined the FERS option and stayed with CSRS. I am trying to find out whether to pay back the CSRS money I pulled in 1990? I also recently got married, so how will my benefits be paid once I…
Q. I was employed by the Postal Service in the late 1960s, served four years in the Air Force and returned to the USPS in the mid-1970s before leaving for other employment. How can I determine if I am entitled to a pension? A. At age 62, you would be entitled to an annuity based on your USPS employment if you had at least five years of service and didn’t take a refund of your retirement deductions when you left. If you meet those criteria, you can apply for a deferred annuity several months before your 62nd birthday. Just fill out…