Q. Can you tell me how Executive Level IV pay, which limits the maximum pay of GS scale employees, is calculated? What is the formula? In searching, I can find the pay rate but not the rules. In other words, will GS-15 Step 9s and Step 10s who have hit that ceiling ever see that ceiling rise?
Browsing: salary
Q. I am planning to retire Aug. 15 with 37 years, two months and 12 days under CSRS. I will be 60 years old. I know if I stay more than 40 years, I will get 80 percent of my salary. What I don’t understand, according to my retirement estimates, is that after age 62, I will be getting less of an annuity each year. How can this be? A. It can’t be. Something is wrong with either the estimator you are using or the data you are putting into it. Part of the problem may be that you misunderstand…
Q. I am a 39-year SES employee in CSRS. What rules are in place for post-retirement employment? As long as I do not work on items related to my agency, can I seek work with a contractor? Also, will I be able to get my full annuity while earning a salary with a contractor? Are there any cautions? A. You can seek employment with a contractor. However, whether it would be considered a breach of ethics to do so would depend on the extent to which you were using knowledge obtained while a government employee in your new position. You’ll…
Q. While the human resources department was preparing my CSRS retirement notice, it discovered an error in my life insurance. Twenty years ago, I elected an amount equal to “five times my salary.” However, my agency has only been deducting premiums from my salary for “one times my salary.” They now want me to repay almost $30,000 in back premiums covering the past 20 years. Is there not a statute of limitations on premium recovery or other reasonable remedy? A. No, there isn’t.
Q. I have a question that follows up on a question and answer from Nov. 19, 2012. Could you explain in a bit more detail what is meant by the following statement?: “There are limited opportunities for a retiree to go back to work for the government either full time or part time while receiving both his annuity and the full salary of his position.” Do you mean, for example, that, in most cases, the law prohibits a retiree of one federal agency from working part time for another federal agency, or imposes a negative consequence upon such a retiree…
Q. I had 24.9 years of government civil service with the Navy. We were BRACed, and I retired. Then I got hired as a contractor for the government for less than a year. Now I work for the Air Force at a decrease in pay and grade. I may lose my job again because of the budget cuts in the government. How will all this affect my annuity, which I’m still receiving, if I lose this job? A. If you received both your annuity and the unreduced salary of your new position, you wouldn’t receive any credit for that period…
Q. I am a CSRS Offset employee who plans to retire when I turn 60, when I will have approximately 21 years and a few months of federal service. I work in the U.S. and have a high-three salary which includes locality pay of approximately 25 percent. If I were to accept a position overseas (I realize the new salary will not include locality pay) at a salary that is lower than my current one, will my high-3 still be based on the high-3 I have already attained? I read several postings on your site and one seems to suggest…
Q. I was asked to return to my previous position as a rehire annuitant. I pursued the offer by applying for the announced position. I was then selected for the job but only offered a Step 1 in my retirement grade level. At the time of my retirement, I was a Step 6. The hiring official tried hard to convince the third line manager to approve my special qualifications with no avail. In the end, I was offered a lower salary than I had at the time of my retirement. Fair? Any rights? A. As a re-employed annuitant, you at…
Q. My wife, who is terminally ill, is covered by FERS and is an employee of the Postal Service. She is running out of sick and annual leave. If she goes on leave without pay and passes away while on leave without pay, will I, as her current husband (25 years +) still be eligible for the basic employee death benefit (50 percent of final salary plus $15,000)? A. If your wife had more than 18 months service but less than 10 years, you’d receive a lump-sum payment of $31,316.46 plus a lump-sum of the higher of 50 percent on…
Q. I just retired under CSRS and my last day at work was Jan. 3. For purposes of the high-3, how is the three-year period defined? Three true calendar years? Three calendar years limited to 365 days each? A total of 1,095 calendar days (three 365-day periods)? My salaries were: 1/4/10 to 1/30/10 = $92,992 1/31/10 to 1/28/12 = $99,239 1/29/12 to 1/3/13 = $102,074 Specifically, Feb. 29, 2012, was a leap year’s extra day and, being at my highest salary, my working that day should benefit the high-3 figure. If Feb. 29, 2012, did not exist (or does not exist in the…