Browsing: reduced pension

Q. I received a career appointment with USPS as a letter carrier in 1977 and resigned in 1995 with 17 years’ service. Whom do I call or email for details on my reduced pension benefits? I turned 62 in October. A. All you need to do is complete a copy of Standard Form 3107, Application for Immediate Retirement, and mail it to the address on the form. You annuity will be computed as follows: 0.01 x your highest three consecutive years of average salary x your years and full months of service.

Q. I am planning to retire in about two years, after a 40-year career as a federal dentist with the VA. I would like to continue working (same job), part time (two days per week). However, I do not want to take a reduced pension, as it does not make economic sense. Is there a way to work part time (and receive a part-time salary, not a consultant fee, which is very little) and collect a full pension? Thank you A. Only if you were hired under one of those rare authorities that allow you to keep both your annuity…