Q. My agency was downsizing, so I accepted an early retirement offer at age 50. I was covered by CSRS Offset. When I turn age 62, do I have to apply for a Social Security benefit? A. No, you don’t have to apply for a Social Security benefit. However, whether you do or don’t, at age 62 your CSRS annuity will automatically be offset (reduced) by the amount of Social Security benefit you earned while covered by CSRS Offset.
Q. If I am involuntarily separated because of my performance with a SCD date of 9/22/90 at the age of 62, will I be able to retire? A. Yes. That’s because any federal employee who is at least 62 years old and has at least five years of creditable service can retire and receive an annuity.
Q. I am a 61-year-old FERS employee with 25 years of creditable service. I turn 62 in May 2019. My agency is eliminating my position prior to me reaching age 62 and there will be no other position available. I was planning to work until age 62. Do I really lose the 10 percent increase in my retirement computation?
Q. Can I retire at 50 with 25 years of service? I am not at my minimum retirement age, but in order to keep my health benefits, I would take the 5 percent per year that would reduce my annuity by 50 percent. Is this possible?
Q. I am a FERS employee who retired on a VERA. I was rehired five years later. My pension is subtracted from my pay. When I retire again, will all of my money be considered or just what I receive minus the pension?
Q. If I accept a VERA and have fewer than 30 years of service, will I still still get the special retirement supplement when I reach my minimum retirement age? How do they calculate the payment?