Q: I am wondering if a person is retired from the Army, then goes to work for the U.S. Post Office and retires from there, does he get to collect both pensions? A: Yes.
Browsing: retire
Q: I have been non-retained in the National Guard, which means I lose my job as a military technician. I am 54, have put in 36 years in my job and I’m under FERS. Since I meet the 25-year any-age requirement for retirement, I will draw a retirement annuity. Since I’m drawing a retirement from FERS but lost my full-time job due to retention from the National Guard, can I still apply for unemployment compensation? A: Probably not. However, to be sure, you’ll have to check with your state employment security agency.
Q: I’m a 49-year-old federal employee with 28 years of service. I am anticipating there will be early out/buyouts coming soon. While I believe I can take either, given my 28 years of service, I would take a significant penalty for being younger than 55. Has there ever been an instance where if an agency becomes desperate to reduce the number of employees through an early out/buyout and does not meet the quota, would they accept an offer from an employee? For instance, I would gladly go if I did not get hit with the age penalty. If I made…
Q. Is there a distinct advantage or disadvantage to retiring at the beginning of 2012 or end of 2011? I realize that lump-sum payments would be better tax wise but wonder if Dec. 31 or Jan 1 has other consequences? A. For most employees, the 2011 leave year ends on Dec. 31, 2011 and the new leave year begins on Jan. 1, 2012. If you were to leave after Dec. 31, any annual leave you had in excess of 240 hours would be forfeited. Further, if you are a FERS-covered employee, you wouldn’t be on the annuity roll until February.…
Q I am a 48-year-old male. I am a letter carrier for USPS. Due to unfortunate circumstances, I will be applying for Social Security disability and disability retirement from USPS. Here’s the thing. I have had two previous surgeries on my spine, both covered by worker’s compensation. Right now I am using all my sick leave until worker’s compensation receives all of the information it needs. Is there a separate retirement through OWCP or do I need to file for disability through the Postal Service? I am thinking of separating from the Postal Service because of my financial situation. If…
Q. I am 60 years old and just found out that after 38 years of service, my job will be abolished. I have two weeks to accept my retirement package. Now, I will be forced to pay back the leave I used last year when I had a kidney transplant. Do I have any room to negotiate or do I have to accept the received package as is? Can I at least negotiate not having to pay the leave back since I’m not retiring willingly? A. According to OPM, “Under 5 U.S.C. 5584, an authorized official may waive recovery of…
Q. I am a FERS employee with 27 years of service, age 66. I would like to retire the end of May. Would the best date to retire be May 30 or June 1? A. If you retire at the end of May, you will be on the annuity roll in June. If you retire on June 1, you won’t be on the annuity roll until July 1.
Q. I would like to retire in July 2013. I had 17 years, eight months in CSRS, then a break in service of 34 months. I was rehired under FERS (not the CSRS offset) and by the time I retire I’ll have 12 years, nine months in FERS (and will be 62 1/3 years old). I am a WG-11 step 5 and don’t expect to be promoted before I retire. Is there anything I should be aware of or cautious about, given this (from what I’m told is) unusual setup of both CSRS and FERS? A. Because you left your…
Q. I recently applied for disability retirement. My package is done at Randolph AFMPC and is at the Defense Finance Accounting Service now. I am an Air Force civilian. I am 53, turning 54 in December. I have 21 years of service, with an SCD of March 18, 1990. I just read on your site that if my disability is disapproved by OPM, that I will then get fired. Can this be true? It seems so unfair. I’m so afraid of getting fired, that I am considering canceling my application and just continuing to work through the pain. It’s a…
Q. I am under CSRS and have 28 years in the federal government. I have developed neck, back and disk problems from a car accident I was in three years ago. I also suffer from severe asthma, allergies, and anxiety. I need to be in regular therapy for my back. I’ll be 52 in November 2011, and do not have the age yet for retirement. Is it allowable to use leave without pay in combination with annual and sick leave for continued therapy until I reach 55 and have 30 plus years and can retire? The LWOP will not exceed…