Q. I am doing a mortgage loan for a retired post office worker. My underwriter wants proof of continuance for three years. Where might I find that information? A. You are entitled to an annuity as provided under 5 United States Code Chapter 83. Your annuity will continue until you die, as provided in 5 USC 8345(c), which says, “The annuity of a retired employee…terminates on the day death or other terminating event provided by this subchapter occurs.”
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Q: I will be leavening the Marine Corps after 13 years of service. I will be getting another government job at the U.S. Postal Service. Will my 13 years count toward my retirement? Will I only have to work for another eight years? Or will I start over and have to work for 20 more years? A: Your 13 years of active duty service will only count if you make a deposit to the Civil Service Retirement and Disability fund. The deposit will equal a small percentage of your basic pay while on active duty. Your civilian personnel office can…
Q. The U.S. Postal Service has given employees retiring voluntarily on Oct. 31, 2009 an amount of $15,000. Will the first check of $10,000 have everything taken out for federal and state taxes, Medicare, Social Security, health benefits, etc? When would my first annuity check start? I am a Civil Service offset employee with 12 years under FERS. I had a total of 30 years of both civil service and FERS but I left and came back to the USPS in 1997 (7 years). I took out the money in the retirement fund and so lost 20 years credit to…