Browsing: supplemental annuity

Rehired annuitant and supplementing retirement

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Q. I retired from the Department of Defense in 2007 under CSRS. I began employment in 2008 as a re-employed annuitant with another government agency. Since I make no retirement contributions as an annuitant, will I be able to buy this time to supplement my retirement? A. Yes, you can make a deposit to get credit for that time. If you have between one and five years of additional service, you’ll receive a supplemental annuity. If you have at least five years of service, you’ll receive a supplemental annuity. Note: If you were hired into a position where you received…

FERS employment after FERS retirement

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Q. I retired at almost age 58 with 20½ years’ creditable service in the National Park Service under FERS. I took the 20 percent-plus hit for going before age 62. I am considering a term position with the NPS with retirement benefits. Can I stop my FERS annuity, take the term job, and then retire after I reach 62 so my retirement will be refigured at an older age with more time in service? Do I have to stop the annuity so many days before I take the job? Any other warnings on this situation? A. No, you can’t stop…

VERA and returning to federal service

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Q. I retired under a VERA in 2008 from the U.S. Postal Service with 23 years and collect an annuity and have my health insurance deducted from my annuity. I pay the postal service premium for my health insurance, which is less than those of other government agencies. I am looking to be reinstated with another government agency. 1. Will my annuity end or decrease? If so, how will it be calculated? 2. Will I have to pay the higher premium for my health care through the new agency? 3. Will my annuity amount increase when I retire from my…

Rehired annuity

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Q. I am a GS-14 federal retiree, having retired in October. I worked continuously (no break in service) for 34½ years. My period of employment was entirely competitive service. I was classified as exempt from the federal Fair Labor Standards Act. I am interested in knowing how I would be paid if I decided to apply as a rehired federal annuitant. Is there a table that you can point me to with a step-by-step decision tree as well as examples of how a salary would be determined? A. Nope. There aren’t any tables or decision trees. It would be up…

Rehired annuitant and leave

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Q. I have been employed as a rehired annuitant under FERS for more than three years and will retire again. While re-employed, I received both my annuity and the salary of my new position. What is the procedure in reference to my annual leave? Will I be given a lump-sum payment for it? And as far as sick leave, will my hours incurred be added to my time as an annuitant. A. While you will receive a lump-sum payment for your annual leave, you won’t get credit for unused sick leave, nor will you be eligible for a supplemental annuity.…

Rehire and annuity computation

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Q. I retired from federal service after 26 years. I became a rehired annuitant with a waiver for several years and could not participate in any retirement service. I am now returning to federal service without a waiver and without a break in service knowing my income will be reduced by my retirement annuity. Will I return to CSRS or FERS retirement system in this new capacity? If I stay for more than one year, will my final retirement annuity be refigured? A. You will be placed in CSRS, the retirement system from which you retired, with the option of…

DSR and supplemental annuity

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Q. If I go out on a Discontinued Service Retirement in May 2012, will I be eligible for a supplemental annuity when I reach my minimum retirement age in four years under FERS?  Also, if Congress later eliminates the supplemental annuity as some have suggested, will I still receive it since I will already be retired? A. Yes.

Retirement and re-employment

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Q: I will retire from the federal probation system in July 2012 at the mandatory age of 57. Can I be hired by the TSA in a non-law enforcement position and continue to receive my federal retirement? If not, what will be the arrangement? A: In most cases, the salary of your new position would be offset by the amount of your annuity. If you worked for at least one year, you’d receive a supplemental annuity based on that service. If you worked for at least five years, your annuity would be recalculated as if you had never retired. On…