Q. I am a 55-year-old city mail carrier with 18-plus years of service. How much of a reduction from my full retirement funds would result if I retired at 57 with 20 years of service?
Browsing: special retirement supplement
Q. I retired from the Postal Service on July 1, 2011, under FERS and am receiving a FERS annuity supplement of $746 per month. I also was awarded Social Security disability in April 2011, with payments starting in November 2011. Can I still receive an annuity supplement when I am 62?
Q. I’m getting close to my FERS retirement, and I have a second job that I love. If I refuse my special retirement supplement from the Office of Personnel Management, will I still be financially penalized from my FERS retirement for making too much money from my second job? If so, how can I still continue to work without being penalized?
Q. I retired under FERS with over 30 years of service in May 2009 and began receiving the special retirement supplement. The SRS was eliminated when I exceeded the Social Security earnings limit working in the private sector for the next three years. I fully retired in May 2012, after I again exceeded the $15,000 earnings limit for 2012. Do I need to contact Social Security to let them know I am no longer working? If so, is there a form I need to submit? Also, when can I expect my SRS to be reinstated? I won’t be 62 until May 2015.
Q. I was born in 1966 and my organization may undergo a reduction in force. I anticipate that I will have the 50 years of age and 20 years of service by the time they may offer the Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay. Please let me know if the minimum retirement age counts during a RIF if I am a FERS employee because my MRA is 56½, of which I will only be 50 years of age, so I need to know if I will be penalized 5 percent each year under MRA. Hoping that the 50/20 rule…
Q. If I retire at 59 years and five months with 28+ years of service, under a reduction in force, would I qualify for the special retirement supplement and only be penalized until I reach 60?
Q. I am 55 years old and took an early retirement offer with an incentive from the Postal Service in August of last year. I had 26 years of full service. I am considering an opportunity to become re-employed part time with the U.S. Forest Service as a GS4 information receptionist at the local visitor center. This is a seasonal position lasting six months a year. How will this affect my Thrift Savings Plan withdrawals and my special retirement supplement when I turn 56? I retired as an EAS-18 postmaster.
Q. I have completed 20 years in the Navy Reserve. I have been working as a GS for five years now and am 48. I am crediting my active-duty time to my GS service. It should total around seven years. 1) At age 56 (I was born in 1964), I will have 20 years of service (including the seven years of active duty I purchased). Can I begin my annuity then for the FERS retirement with no penalties? 2) At age 59, I can begin drawing my Navy Reserve retirement due to time served in a war zone. Are there…
Q. I can retire in three years at age 56 (my minimum retirement age) with 33 years of service. I should have more than a year’s worth of sick leave at that time. I know the unused sick leave will be added to my total years for annuity computation purposes, but will it also be added to my total years for the special retirement supplement computation?
Q. I plan to retire at my minimum retirement age, 56. I should get the FERS special retirement supplement, although I realize it may be reduced or suspended if my earnings exceed the limit. If I do receive the supplement but at age 62 do not apply for Social Security until the full retirement age of 67, do I still get the higher payment, or does the supplement reduce the amount anyway?