Browsing: redetermined annuity

FERS employment after FERS retirement

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Q. I retired at almost age 58 with 20½ years’ creditable service in the National Park Service under FERS. I took the 20 percent-plus hit for going before age 62. I am considering a term position with the NPS with retirement benefits. Can I stop my FERS annuity, take the term job, and then retire after I reach 62 so my retirement will be refigured at an older age with more time in service? Do I have to stop the annuity so many days before I take the job? Any other warnings on this situation? A. No, you can’t stop…

Retirement processing, retroactive pay and unemployment benefits

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Q. I was a re-employed annuitant who officially retired Jan. 3 from another federal agency. The human resources specialist at the last federal agency informed me that I would receive my full retirement benefits beginning Feb. 1, since my SF 2801 and additional paperwork was submitted to the Office of Personnel Management prior to their Jan. 18 deadline. I have approximately 37 years of combined federal service: 27 years with the first federal employer and 10 years with the second and final federal employer. Thanks to OPM’s severe backlog, I have received nothing except the annuity from my first annuity,…

Rehired annuity

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Q. I am a GS-14 federal retiree, having retired in October. I worked continuously (no break in service) for 34½ years. My period of employment was entirely competitive service. I was classified as exempt from the federal Fair Labor Standards Act. I am interested in knowing how I would be paid if I decided to apply as a rehired federal annuitant. Is there a table that you can point me to with a step-by-step decision tree as well as examples of how a salary would be determined? A. Nope. There aren’t any tables or decision trees. It would be up…

Redetermined annuity and sick leave

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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…