Loss of retirement benefits?


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.


About Author

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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