Browsing: retirement contributions

Spouse’s death and taxable benefits

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Q. My husband was killed in a motorcycle accident after working 16 years for the Department of Defense. I have been receiving a survivor’s annuity since his death. Is the annuity part of his retirement that he had accrued, or is this part of a death benefit? I received a death benefit at the time of his death. Is the annuity taxable income? Is the annuity his retirement that he had earned before his death?

Retirement funds of deceased spouse

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Q. My deceased wife was a FERS employee for 15 years before resigning. She passed away four years ago. I rolled over her TSP into mine. (I am retired CSRS.) I did not claim her contribution to FERS. Will I receive any of her retirement annuity once she would have become eligible to retire?

Options after firing

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Q. I was federally employed as a Border Patrol agent in November 1988, then joined the FBI in June 1991 and was fired May 2011 (no break in service since November ’88). I was 48. I can find no answers regarding retirement benefits. I was told I forfeited everything, but I could find nothing in writing. What are my options?

Rehired annuitant and supplementing retirement

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Q. I retired from the Department of Defense in 2007 under CSRS. I began employment in 2008 as a re-employed annuitant with another government agency. Since I make no retirement contributions as an annuitant, will I be able to buy this time to supplement my retirement? A. Yes, you can make a deposit to get credit for that time. If you have between one and five years of additional service, you’ll receive a supplemental annuity. If you have at least five years of service, you’ll receive a supplemental annuity. Note: If you were hired into a position where you received…

Interrupted government service and pension

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Q. I am 54, with five years under FERS. I am taking a job in the private sector but would like to return to federal employment for three to five years. If I do nothing, can I apply for a deferred pension at age 62? If I do return to government service, do the total number of years accumulate? So, for example, if I return and work another five years, is my pension based on 10 years, even though they were interrupted? A. As long as you don’t take a refund of your retirement contributions when you leave, you could…

Benefits leaving federal work after nine years

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Q. I have an opportunity to take a private-sector position that would be very rewarding. Can I maintain my federal government benefits when I leave? I’ve been a federal employee for nine years. A. If you don’t ask for a refund of your retirement contributions, you’d be eligible for a deferred annuity at age 62.

Leaving federal service, intending to return

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Q. I have been employed with the Department of Homeland Security in the Transportation Security Administration for just under five years. I am planning to leave federal service to obtain field experience in the private sector with ambitions to return to the federal system with the FBI. 1. Are there any specific impacts of leaving service before the five-year milestone? 2. Are there specific do’s and don’t’s when leaving with intent to return to service? 3. Will the time I have invested stay with me when I rejoin the system? 4. Do I need to resume service within a certain…

Leaving federal service, intending to return

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Q. I have been employed with the Department of Homeland Security in the Transportation Security Administration for just under five years. I am planning to leave federal service to obtain field experience in the private sector with ambitions to return to the federal system with the FBI. 1. Are there any specific impacts of leaving service before the five-year milestone? 2. Are there specific do’s and don’t’s when leaving with intent to return to service? 3. Will the time I have invested stay with me when I rejoin the system? 4. Do I need to resume service within a certain…

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