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?
Browsing: Early retirement
Q. I’m a FERS employee. I understand that if I have at least 25 years of service and accept my agency’s early retirement offer, I can retire at any age. If I do, when will I receive my benefits?
Q. I am facing having to retire under a medical retirement. Effective this May I will only have a total of 9 years government service under FERS and I am only 52 years old and not eligible for regular retirement yet. What is the difference between a disability retirement and medical retirement and what would my annuity payment be based on? I was told I would receive 80 percent of my high-3. Is this correct?
Q. I am 61 years old with 20 years of federal service. I am trying to figure out whether I retire now or closer to 62. My plan was to retire next year at the end of July, but I am interested in the supplement that is not granted until I am 62. I am not too happy at my job right now and am thinking about getting out a little earlier. What advice do you have?
Q. I have worked since I was 14. I am now just about to turn 50. I have been a hard worker during my life and my body just cannot take it anymore. I have made between $30 and $110,000 a year. My wife works and makes decent money. What are my options? I have not worked for the last two years.
Q. I will be turning 60 in December. I have been working steady now for 20 years, and am still working. My health is so bad now I’m in so much pain working. I won’t apply for disability due to the fact that it takes two years, I’m told, to process a claim. I can’t be without income for that long. I want to retire at 60. Can I do that? Will there be a large penalty?
Q. I will have 30 years in service on Aug. 8, 2018. I will apply for retirement under the Voluntary Early Retirement Authority (VERA) at that time and see where the dart hits the dartboard. I will be 49 years old (plus a few days) — young enough to perhaps move onto something else. Is there anything I should know?