Q. I retired on a VERA with 25 years of service (22 years FERS and five years military) at age 47. When I reach 62, does my annuity go to 1.1 percent based on my high-3 years in service?
Q. What impact does USERRA have on the high-3 calculation? For instance, please consider a hypothetical situation in which a civilian employee/military reservist earned annual income from his civilian federal agency of $96,000 one year, then $98,000 the next and then is making $100,000 when called to active duty at the end of the next year. He is activated for two years, during which time the GS scale gets annual 3 percent increases across the board. He comes back and works a final year, pays his military deposit, then retires after another 3 percent increase gives him an entire year…
Q. I worked for the federal government for 10 years and just recently decided to withdraw my FERS retirement contributions after leaving this past April. I’ve been told from friends that my refund may only be $2,000 to $3,000. Can this be right after working 10 years?
Q. I resigned from the U.S. Postal Service and it is sending my return of retirement paperwork in the mail. When the Office of Personnel Management gets those forms, how long does it take to get the refund back? I opted for lump sum, direct deposit.
Q. I have 10 years with the Department of Veterans Affairs, and I paid my military deposit (14 years, nine months and 18 days), so my total time is 24 years and nine months. I’m leaving to return to school full time. If I come back after three to five years, I’ve been told I would be starting over, i.e., all that time is gone because of the break in service. Is that true?
Q. I want to defer my retirement and get out at 50/20. It’s my understanding that if I wait until 60 to claim my retirement, I will retire with full benefits as if I had waited until the minimum retirement age of 56 years and 8 months. Is this true?