Q. I am a federal employee with 21 years military service. I receive military retirement pay and a separate disability from VA. I am considering retiring in five years. If I buy my military time back now, can I keep receiving my military retirement until I retire from the federal government? Do I still receive my VA pay after federal retirement? A. The answer to both questions is yes.
Browsing: RETIREMENT
Q. I have 25 years and three months as a FERS employee. If my agency separated me due to poor job performance, would I be eligible for a discontinued service retirement ? A. Yes.
Q. I have been permanent part time as a TSO with the TSA for approximately 10 years and have been enrolled in FERS and Blue Cross/Blue Shield for all of my employment. Will I be allowed to carry my health insurance into retirement when I retire at 62 or do you have to be full time?
Q. I have 18 years of service and I am 51 years old. Can I do an early retirement and receive Social Security and pension? A. No. If your agency was offering early retirement, you would have to meet one of the following age and service requirements: age 50 with 20 years of service or at any age with 25. You don’t meet either requirement.
Q. I was forced into applying for retirement, being on Workers’ Compensation and was “separated in 2002 with 25 years of service. I am 70 and still on Workers’ Compensation. I would like to withdraw my retirement lump-sum. Can I still keep my life insurance that is deducted? I understand if Workers’ Compensation stops paying me, that I wont be allowed back on retirement if I do this. But I could not live on the amount anyway and I do need the money now.
Q. I am a Dual Status Military Technician GS-12 and I will reach my Mandatory Removal Date in 2019 when I am 50 and not eligible for retirement yet. This will end my Federal employment as a military technician. What options are there for me to gain new employment in the federal system and what impact does my previous GS-12 grade have?
Q. I served eight years in the Navy Reserve and was honorably discharged. How do those years count toward retirement if I become employed by a federal agency? A. Only time where you were called to active duty in the service of the U.S. would be creditable, and then only if you made a deposit for that time.
Q. I am a FERS retiree since 2003. May I work as a temporary fire lookout for the same agency? A. There is nothing that would prevent you from being rehired by your former agency if it wanted to do so. However, you need to find out what the effect of taking that job would be. As a rule, the salary of a re-employed annuitant would be reduced by the amount of his annuity. If that turns out to be the case with the temporary lookout position, you’d end up working for nothing.
Based on the mail I’ve been getting, there’s a lot of confusion about the rules governing deposits and redeposits to get credit for prior service in determining your eligibility to retire and having that time used in your annuity computation when you retire. In this column, I’ll deal with the rules that apply to Civil Service Retirement System and CSRS Offset employees. In my next column, I’ll do the same for Federal Employees Retirement System employees. Deposits The term “nondeduction service” applies to any period of federal government employment where retirement deductions weren’t taken from your pay. If you are…
Q. How soon would I receive my lump-sum payment for unused annual leave when I retire? A. Only your agency payroll office can answer that question.