Q. I will be 52 and have 29 years of technician service (32 years National Guard) under FERS. If I was diagnosed with a medical condition that ended my military career, would I be eligible for the non-reduced pension/Social Security Offset/ and access to my TSP, since I have 25 years, I am age 50 and would be losing my military position through no fault of my own?
Browsing: special retirement supplement
Q. I retired from federal service in February 2010 under the FERS Special system and my MRA is Febuary 2016. I understand that if I work after February 2016, my FERS supplement will be means tested against how much I am making in salary. If I work after my MRA, making 150K for only two years and therefore lose my supplement during that time frame, would the supplement restart after I worked those two years, and would the supplement stay at the same amount as when I retired in February 2010?
Q. I can retire in June 2014 at 60 with 26 years in FERS. As it will be in June, I will have made more than the $15,000-plus earnings limit. If I max out my TSP contribution (approximately $11,000 for six months), my net working income will drop so I can get under the $15,000-plus earnings limit; will my special retirement supplement the following year be unreduced?
Q. I am looking at retiring next year in FERS as a federal firefighter with 30 years of service at age 53. I will receive the special retirement supplement. Until I turn 62, I will not be (possibly) paying into Social Security, so does that reduce the amount of Social Security I will receive according to my current projected Social Security payments at age 62? If I’m not paying into Social Security during the period before drawing Social Security affects the rate, does that change at age 57 when the earning limitations for Social Security hit even though you are…
Q. I will be 58 next year, when we are supposed to be RIF with the Postal Service if we have not found another EAS position. At that time I will have 24½ years in and be 58. I understand I will be eligible for DSR. How is the amount calculated? Is it the same as the FERS amount, is it permanent and can I still receive the FERS supplement? Can I receive DSR and FERS, or just the DSR or FERS? I don’t want to retire but am trying to see how I will be financially if I am…
Q. I took a job last year. After reporting my earnings to OPM this year, I will not be receiving a FERS Social Security supplement in the future. What happens to the money? Do I simply lose the funds? Does this increase my future Social Security payments?
Q. I have 13 years of service as a Secret Service special agent under FERS. I am considering leaving the service at 20 years, but I will be only 43. If I understand correctly, I must maintain a government job until age 50 to receive a retirement package that would give me a 41 percent retirement benefit (34 percent from my Secret Service time and 7 percent from the other government work from age 43-50) plus the full FERS special retirement supplement, as well as being able to maintain my FEHB. Is that true? Am I giving anything up by…
Q. I have a question about MRA+10 retirement. I am a FERS employee, age 58 with 26 years of service. Can I retire now on an unreduced annuity and also collect the special retirement supplement until I reach age 62? Or do I have to deduct 5 percent for each year I am under the age of 62? Or is the 5 percent deducted from age 60 because I have at least 25 years in? In any case, the ability to collect the supplement would be key for me.
Q. I have 29 years of federal service and am 50 and under FERS. If I am involuntarily separated by a reduction in force at age 50, do I get the FERS Social Security bridge along with my Discontinued Service Retirement, or do I have to wait until I turn 56 to collect the bridge portion of my retirement? Does this start automatically with the DSR, or do I have to apply for the bridge with SSA when I am 56?
Q. I retired in June 2010 at 56 with more than 30 years’ service. I receive a regular FERS retirement, not disability. But I do have a disability — an above-the-knee amputation. If I apply for and receive Social Security Disability Insurance, how will my FERS retirement be affected?