Q: I transferred to the inactive Naval Reserve in August 1994 with 20 years of service, and I still draw retirement from the Navy. I work for the U.S. Postal Service (under FERS) and I am eligible to retire from the Postal Service in August 2012 with approximately 15 years of service. I know of one individual who claims to have combined his retirement from the Air Force with his retirement from the FAA several years ago. He was Civil Service when he retired from the FAA. What are my options at retirement from the Postal Service? Is there a…
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Q: I worked in a federal job for 28 years and accepted a bonus for early out and transition to a contractor that was taking over IT jobs. I worked for the contractor for two years and retired. I want to know if I can qualify for rehiring with the government and, if I was offered a position, how would that affect my retirement pay and salary? A: If you accept a paying job with the federal government within five years of the date of the separation on which that buyout was based, including work under a personal-services contract or…
Q. I retired from the Marine Corps (active duty military) in 2004 after 22 years of honorable and faithful service. I have been with the civilian federal government side for six years now as a FERS employee. I am 49 years old with a total of 28 years of government service. When and at what age would I be eligible for retirement? A. Unless you make a deposit for those 22 years of active-duty service and waive your military retired pay, you won’t get any credit for that time. As it stands, you have only six years of creditable service…
Q. Question: As a military retiree, if I buy back my military time, will my military retirement pay stop or will it then continue until I completely retire from federal service? Details: I served on active duty from 1982-2002, and retired with an honorable discharge. I began receiving my military retirement pay. I then entered federal service as a GS-14, and I am under FERS. I do not have a disability. I have been told that if I buy back my military time, my retirement pay will immediately stop. My research shows that the military retiree pay would continue until…
Q. I have served in the Marine Corps for 17 years, 10 active and seven reserve currently, but plan on serving 20 years total before I end my military service. I am transitioning into the State Department as a Foreign Service officer and had several questions concerning my retirement. 1. I plan on buying the credit for my military service. While active duty is straightforward to calculate, how do they credit my reserve time? Is it only active-duty days served while in a reserve billet? 2. Assuming they credit my 10 active years and some portion of my reserve time,…
Q. I am eligible for an immediate retirement right now, and have been for some time. If I was to submit my forms now and give two weeks notice, would I lose anything? I assume that eventually the annuity would catch up — regular payments plus retroactive payments earned while the paperwork was in the works. However, I haven’t heard of anyone doing that — everyone seems to pick a date well in the future, long after the initial form submission. A. While it is the most prudent way to assure a trouble-free transition to retirement, there isn’t any requirement…
Q. I was in the Marine Corps for 22 months from 1969-1971. I will be 63 years old in May 2010. I started work at the VA hospital on July 3, 2006 and am currently still employed. I bought back (made deposit for) the 22 months military time in 2008. I am getting conflicting answers from the HR dept. 1. When can I retire with the “age 62 and five years” rule? I was first told by HR that my 22 months buyback would count towards the five years but am now being told it will not and that I…
Q. I hired into federal law enforcement in 1994 at the age of 22. After 20 years service, I will be 42 years old. If I transfer to another federal agency for five additional years of non-LEO for a total of 25 years can I receive early LEO Retirement if I then retire at 47? A. No, you can’t. You can only retire at such an early age if you have 25 years of covered service as a law enforcement officer.
Q. I am a FERS employee and want to retire at age 56. Do I get my Social Security Supplemental and FERS retirement also? A. Yes, if you have reached your minimum retirement age and have the right number of years of service to retire on an immediate, unreduced annuity. On the other hand, if you are retiring under the MRA+10 provision (minimum retirement age with between 20 and 29 years of service), you wouldn’t be eligible to receive the special retirement supplement.
Q. I have a friend who is 65 years old and has 15 years of service. He wants to retire and has requested to take his 300 hours of annual leave in the way of terminal leave. The organization is saying he must return on the last day of terminal leave to check out. We currently work in Europe and he would like to travel back to the U.S. and start his retirement without the requirement of returning. Is there a regulation I can read to get clarification on this? A. First, there is no such thing as terminal leave…