Browsing: separation

Deferred retirement

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Q. I’m considering resigning from federal service because I’ve been unable to find a federal job at my husband’s new job location across the country. I have career status with 18 years of total federal service, six of which was bought back military time. I was born in 1959, so my minimum retirement age is 56; I’m 53 now. If I resign now with the intention of taking a deferred annuity when I reach 62, do I do anything in the process of separating that might affect my ability to return to the federal workforce? It’s my understanding that I don’t apply…

Resignation and pension

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Q. I am 45 years old with 13 years of service under FERS and will be resigning this month to pursue other activities. I understand that I would eligible for a full pension (computed on my high-3) at age 62. That is 17 years away and, in the meantime, my defined benefit pension would remain static and thus be seriously eroded by inflation. Is there a way to protect myself against this within the pension system, or can I take a lump sum on separation and roll that into an IRA? If I take the lump sum, must I do…

Age 62 or 61?

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Q. I am FERS-covered and eligible to retire this year with 20 years but at age 61. Can I separate (or resign) first at age 61 this year and postpone the start of my annuity to 2014, when I am 62 to get the higher 1.1 annuity (instead of 1.0 at 61)? A. No, you can’t. The only FERS retirees who are eligible to get the higher multiplier are those who retire on an immediate annuity at age 62 or later with at least 20 years of service.

RIF and special retirement supplement

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Q. I am a FERS employee, age 59, and have over 28 years in the Postal Service. Our facility is going through an accelerated transfer of function to a facility more than 100 miles away. If they cannot offer me a position in my same craft and I am given a notice to separate voluntarily or involuntarily, can I retire and receive an unreduced annuity and the special retirement supplement until age 62? If I retire, should I elect a discontinued service retirement or optional retirement since this is an organizational change involving reduction in force, transfer of function. Could…

Termination and disability retirement

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Q. I saw this exchange on your site: “Q. I am 60 and was hospitalized in March. I used all my sick and vacation leave because of a medical condition that will last more than a year, used all my [Family Medical Leave Act time] and have applied for disability retirement. I got a call from the nurse executive that if they don’t receive a letter from me within five days that I am resigning, they will have to terminate my federal service, since they say I am AWOL. This same executive in May completed the supervisor portion of my…

Postponing annuity

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Q. I am considering separating from federal employment in July at 58 years old with 21 years and five months of federal service. I will postpone receiving the retirement annuity until I am 60. This will give me 60 years of age with 21 years and five months of service. Since I am separating then doing a postponement of receiving my annuity until 60 which, per the Office of Personnel Management, is different than deferring an annuity, where you will not receive the special retirement supplement, will I get the FERS supplement when I start to receive my postponed annuity…

Workers’ compensation and separation

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Q. I’m a postal worker under FERS. I started in 1988. I’ve been on workers’ compensation for the last four years. Now they are starting separation procedures. I guess that’s code for termination, but am I eligible for retirement disability? And if so, do I have to take the retirement disability, or can I continue to collect workers’ compensation. And if they separate me from the post office, does that mean that my workers’ compensation stops. A. You’ll have to apply for disability retirement, which your agency is required to help you do. If you are approved for it and…

Leave accrual

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Q. I am a Defense Department civilian employee under FERS. My date of birth is March 15, 1954. My EOD was Oct. 1, 2007, which gives me five years of service. I have accrued 111.75 hours of annual leave, 80 hours of sick leave and 8.5 credit hours as of the pay period ending Oct. 6. I do not meet eligibility requirements for an early retirement under FERS, so If I resign within the next few weeks, what is the process I need to go through, and what can I expect as far as payout? Will I lose any of…

Medical disability delay

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Q. How long after the last day of a pay period should one begin receiving their first annuity check? My former human resources department placed a remedy ticket with the Defense Finance and Accounting Service, yet still no paycheck. The DFAS received my Office of Personnel Management paperwork five days after the last day of the pay period. A. According to OPM, “Title 5, Code of Federal Regulations specifies the annuity commencing dates. For disability applications, the date the annuity begins is either the date after the last day of pay or the day following separation. The check dated the…

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