Q. I work for Customs and Border Protection. I am 59 years and eight months old with 20 years and three months of service. If I retire ASAP, can I receive the special retirement supplement? A. You wouldn’t receive the special retirement supplement because you’d be retiring under the MRA+10 provision. No one who retires under that provision can.
Browsing: special retirement supplement
Q. I am a 48-year-old FERS employee with 25 years of civil service. Our organization has offered a Voluntary Early Retirement Authority. If my organization approves my VERA, when would I be eligible to receive an annuity? Immediately or at age 56? What are the near- and long-term pros and cons of accepting VERA? A. Because you have at least 25 years of service, you would be eligible for an immediate annuity. When you reached your minimum retirement age, you would be entitled to the special retirement supplement. However, if you had earnings from wages or self-employment at the time…
Q. I am a letter carrier, age 52, started in 1985 and have 28 years of creditable service. If I understand what I’ve gleaned from the posts here and the Postal Service were to offer me a Voluntary Early Retirement Authority this year, 1. Would I begin my annuity immediately? 2. Would I have no reductions in calculations of my annuity? (average high-3 x 1 percent x 28) 3. Would I receive credit for half of my sick leave and all of my annual leave? (How are these applied?) 4. Would I receive the special retirement supplement beginning at age…
Q. I will have 30 years with the U.S. government on May 24 (28 years with the Navy as a civilian employee). My minimum retirement age of 56 will not be met until Nov. 25. With the budget fiasco going on, might I be able to negotiate an early-out with the following at my 30-year service computation date: 1) A waiver of the MRA and retire in May. 2) Full Voluntary Separation Incentive Pay. 3) Full special retirement supplement. What do you think of this?
Q. I work for the USPS. I was born in 1967. Therefore, my minimum retirement age is 56½. Let’s assume I retire on my 57th birthday. By that time, I will have a little more than 27 years of service time. (I started in 1997, when I was 29½.) According to other federal websites, the special retirement supplement is given for: 30 years and at the minimum age; at least 20 years and you receive the supplement when you are age 60; with an early out, as is happening this year, you get the supplement but you have to wait…
Q. I have 27½ years in the Postal Service and I am 52½ years of age. If an early-out comes in the next few months, will I get a penalty for leaving? Do I get my special retirement supplement, or do I have to wait for that? Also, do I get to take my Thrift Savings Plan now, or do I wait for that? A. Reg: If you were offered an opportunity to retire early, you have the age and service needed to accept it. If you did, you wouldn’t be subject to the age penalty and you’d be entitled…
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…
Q. I’m in FERS and can retire at 56 (my minimum retirement age) in four years, but I will have only 28 years in the Postal Service at that time. Will I eligible for the special retirement supplement? A. No one who retires under the MRA+10 provision is eligible to receive the special retirement supplement.
Q. I am a 56-year-old postal carrier with 26 years of service. Am I eligible to receive the special retirement supplement? I meet minimum retirement age requirements. However, I don’t have 30 years. A. You would only be eligible for the special retirement supplement if you accepted an early retirement offer made by your agency. If you weren’t, you’d be retiring under the MRA+10 provision. No one who retires under that provision is eligible to receive the SRS.
Q. I work for Customs and Border Protection. I am 59 years and eight months old with 20 years and three months of service. If I retire ASAP, can I receive the special retirement supplement? Any information for early buyouts for us? It would make more sense to give us early buyouts and not furlough the front-line officers. A. If you are a law enforcement officer, you can retire at any time. If you aren’t, you can only retire under the MRA+10 provision unless you are offered an early retirement opportunity by your agency. If one is offered, you’ll learn…