Q. My spouse is sick. I am 59 and have 19 years of service. Can I take early retirement and keep my health insurance and life insurance? A. Yes, you could retire under the MRA+10 provision and continue your health and life insurance coverage, as long as you had been enrolled in them for the five consecutive years before you retire. However, your annuity would be reduced by 5 percent for every year you were under age 62. Alternatively, you could ask your employer to let you work part-time and retire on a penalty-free annuity at age 60.
Browsing: part-time
Q. If I’m approved for FERS disability retirement and I’m also accepted for Social Security Disability Insurance, would I be able to work part-time in the civilian work force, or is there no working allowed at all?
Q. As a federal employee, how will my insurances and leave accrual be impacted if I go part-time? If I stay employed in a part-time status, will my service years accrue year-for-year or will it be prorated based on hours worked?
Q. I’m not sure I’m tracking with the explanations of how part-time employment impacts retirement. I plan to retire at age 62 with 10 years of government service. I may have an opportunity to forego retirement and work three days per week with the same agency. If I choose to accept that offer, how will it impact my retirement?
Q. I am applying for a part-time job with the U.S. Postal Service and am hoping it leads to full-time employment. I receive military retirement and disability. Will I lose any of this? At my age of 54, I doubt I will be able to put in 20 years with USPS but do want to stay busy. Will I be able to keep both my retired and disability pay?
Q. I am a 0.40 full-time equivalent FERS employee (part time) for 20 years with an additional five years of repurchased military time for a total of 25 years. How will this affect the formula (0.01 x high three salary x years of service) for annuity pension when i retire?
Q. I am a CSRS retiree of 33 years (I retired in January 2001), and since I am not married, I have no provision for spousal benefits should I die. I have worked part time for my church at 25 hours per week since 1999 and have been paying into the Social Security system from that time to the present. Will I be able to collect Social Security benefits without the WEP penalty? When would I be eligible to collect my benefits? I will be 69 years old in October 2015. How do I determine my benefits?
Q. I have a question about going part time in the federal system, FERS, post-1986. I was hired in October 1995. If I went part time until I retired at age 60, say 4 days a week, how will that affect my retirement calculation, and will I lose anything in the FERS calculation for going part time at the end of my career besides the less time used in the calculation? Will they still use my full salary for the calculation?
Q. I am employed with DHS since November 2005. I was previously employed by the USSMA at Kings Point as a coach, from September 1990 till the end of the season in March 1991. Is it possible to purchase back this time? If so, how would I do that? I can not recall my salary. It was only a few thousand dollars. I assume it was considered a part-time position. A. Unfortunately, you can’t get credit for that time. Non-deduction service performed on or after Jan. 1, 1989, isn’t creditable for either eligibility or computation purposes.
Q. I have been a federal employee for Homeland Security for 6-1/2 years. I have been medically disqualified from my job. I am going to try to get disability. I have worked full time for the first 4-1/2 years, and went part-time down to 25 to 30 hours a week. Will they use the highest three salaries, even if when discharged I was working part-time for the agency? How does the calculation work for this situation? A. An employee’s full-time salaries are used in determining his high-3, even if he is in a part-time position.