Browsing: PAY

Q. In 2005, I resigned from my position as a civil servant and didn’t ask for a refund of my retirement contributions. At the time I was 51 and had 24 years of service. Do I have any options in order to receive a retirement benefit based on my 24 years of service? A. Because you have at least 20 years of service but fewer than 30, you can apply for a deferred annuity at age 60. That annuity will be based on the average of your highest three consecutive years of basic pay and your total years and full…

Q. What happens if your area’s locality rate increases and you are retired? Will you benefit from the new locality rate as long as you are receiving it from the same area? For example, Norfolk is supposed to have a locality rate change. I retired in 2016. If the locality rate changes, will I receive more retirement?

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