Loss of retirement benefits?

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Q: With all the talk of Postal Service insolvency and possibly shutting down by 2012, will I lose my retirement annuity and health benefits if I continue to work and this happens? If so, and I wish to take my FERS retirement before this happens, am I still in danger of losing my retirement annuity and health benefits as a retiree? I am a FERS employee who is 60 years old with 23 years at the Postal Service and am eligible to retire with full benefits including the Social Security supplement till 62.

A: The CSRS and FERS systems, Federal Employees Health Benefits program, and Federal Employees’ Group Life Insurance program are backed by the full faith and credit of the United States government.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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