Q. I am turning 50 in two months, with over 23 years of continuous federal service. I want to resign to pursue other career options. If I elect a reduced pension, e.g. high-3 x .23 x reduction percentage, will I have the option to continue my Federal Employees Health Benefits? How is the reduction percentage calculated? Is it reduced 5 percent for each year under age 60 or age 62? A. Unless your agency offers you an opportunity to retire early via the Voluntary Early Retirement Authority, you wouldn’t meet the age and service requirements to retire. If it did,…
Browsing: re-enrollment
Q. If I were to resign from my current position at age 59 with 17 years of service and accept a position with a parish/county government, will I be able to re-enroll in the Federal Employees Health Benefits program when I apply for my retirement benefits at age 62? A. No. Deferred retirees cannot re-enroll in FEHB.
Q: I may be transitioning to nonappropriated-funds employment. I would be keeping my Federal Employees Retirement System status. There is no provision for me to stay enrolled in the Federal Employees Health Benefits program while I am a NAF employee. When I retire (under FERS), can I re-enroll in FEHB and have the premiums deducted from my pension? This is a make-or-break issue for me. A: No, you won’t be able to re-enroll.