Q. I am 51 and was born in 1961. I work in FERS. My MRA, I believe, is 56. I have 28 years in federal service. Will I get an annuity if I retire now before my MRA? If I do get an annuity, how big a reduction will it be from the pension I would get if I retired at 56? Also, I have seven months of sick leave. Do I lose it all when I retire, or does it get applied as service credit?
Browsing: sick leave
Q. Recent legislation entitles FERS-eligible employees to have sick leave credited to their time in service: 50 percent until 2013 and 100 percent in 2014. At the same time, FERS annual leave hours past 240 are not lost but paid in full in completing your last year of employment. Can you clarify that if you retire Jan. 1, 2014, you lose the hours in excess of 240? (I was informed by an HR employee that if you don’t retire Dec. 31, your hours in excess of 240 are not paid even if you retire the next day, Jan. 1 —…
Q. I am a FERS employee and was hired in January 1984. I will reach MRA (56) with 31½ years of service in early July 2015. What is the best day for me to retire in 2015 to get credit for the most annual and sick leave?
Q. I’m a FERS employee thinking of retiring at the end of 2014. I’ll be 65, and with time served, military and sick leave (barring any lengthy illness between now and then), I’ll have 29 years, plus a couple of months. I know I’ll be losing some benefits from Social Security, leaving a year early, but what would the loss be from leaving before the 30-year mark?
Q. After serving 12 years in the military, I went to work for the federal government Jan. 13, 1982, and left federal service in October 1987, having served five years and nine months. I was in CSRS that entire time. I withdrew my CSRS contributions when I left. I came back to work for the federal government in July 2006 and was placed in CSRS Offset, with the option of going into FERS. I opted to be in CSRS Offset. At that time, I paid the deposit plus interest to get credit for my military time for pension purposes. I…
Q. I started working for the federal government March 10, 1975. If I retire Dec. 31, 2015, by my calculations, I will have 40 years, nine months and 21 days. Right now I have 1,142 hours of sick leave but have no idea how many I will have when I retire. Will any of that be counted toward year and months of service? I’m only a GS 7, step 10, so I need to know what percentage of my retirement pay I would get. My high-3 is more than $50,400 with locality pay. I understood that where you are living…
Q. I was a nonappropriated funds government employee from 1979 to 1990 holding UA7, UA8 and UA9 positions (AAFES and Army NAF). I resigned in 1990 and have worked in the private sector since. Now I plan to return to federal government employment as a GS5 or GS7. How will my service time count toward retirement, and is it possible to repay my NAF pension funds into the system? Also, how will my accrued sick leave be handled?
Q. I work for USPS under FERS. On Feb. 4, 2015, I will be 57 and have 30 years of service. I will also have approximately six months of sick leave. Can I use my sick leave as days worked and retire six months earlier?
Q. After 35 years with the federal government, I retired Feb. 29, 2012. During my last full pay period, I used 16 hours of sick leave. I discovered after a call from OPM recently that a correction to my final sick leave balance was made by my former employing agency, modestly increasing my sick leave balance. OPM informed me today that after the correction, my sick leave balance was six hours short of the number of hours needed to bring my total creditable working hours up by one more full month. After hearing this, I realize that had I used…
Q. I am a FERS transferee with more than 29 years in federal service. When I transferred from CSRS to FERS in 1998, I had 103 hours of sick leave (under CSRS). I am planning to retire in 2014 and will have almost 1,700 hours of sick leave. I am being told that the only sick leave I will get credit for as a FERS transferee is the 103 hours of sick leave that was on the personnel action when I transferred — not the almost 1,700 hours of sick leave that have accumulated since. Can this be correct?