Browsing: RETIREMENT

Q. I’m planning to file for disability retirement. I need direct questions for my doctor to turn in to the Office of Personnel Management. Where can I find them? A. You’ll find out what information is required from your doctor at http://www.opm.gov/retirement-services/publications-forms/csrsfers-handbook/c060.pdf. Just scroll to Section 60 A1.1-2J.

Q. I have worked for the government in two different agencies. I worked for the U.S. Postal Service for 12 years under CSRS, which was followed by time in the U.S. Department of Commerce for the remainder. This includes four years of military service. There was a break of more than a year between the two. I was classified as being Offset CSRS in the Department of Commerce, but I have always paid into Social Security both in the Postal Service and Commerce. Shouldn’t I be exempt from WEP? A. Because you had a period of service under CSRS –…

Q. I’m a FERS employee who will be retiring soon. Will I be entitled to the special retirement supplement? A. The special retirement supplement is payable immediately to those who retire at age 60 with 20 years of service or at their minimum retirement age with 30. If you retire under an early retirement authority, it’s payable at your MRA. No paperwork is needed to receive the SRS. Three things to keep in mind: 1) The SRS is never payable to those who retire under the MRA+10 provision or who leave government and apply for a deferred annuity. 2) The…

Q. I was an air traffic controller for 19 years 9 months and am now on a FERS disability annuity. If I am reading BAL 10-105 correctly, my annuity should be computed at 1.7 percent instead of the 1.0 or 1.1 percent I am currently receiving. Is that correct? Also, at age 62 what will happen? At that age I would have 41 years of service. I also question MRAs and the age of 62 for calculations for air traffic controllers. I was eligible for a full FERS retirement at 46 (25 years service). The maximum age to work as…

Q. I am planning to retire ASAP but am working out a few issues. I do not want the early retirement penalty (5/12 percent per month) to impact my retirement compensation so understanding how my military time rolls toward my retirement will dictate when I can retire. I will have 27 years of FERS service and four years of paid military time. I will have met my MRA of 57.6 yrs. Does my military credit count toward the 30 years required service time or does my military time only count toward my annuity computation? If it only counts toward the…

Q. I’m 59 (60 in September of this year) and have over 20 years of service. I also have a degenerative disc disease, need total knee replacement. My job has accommodated my work life to allow work from home because I cannot navigate the large building. I want to medically retire, but haven’t a clue where to start. A. Your agency personnel office is required to help you through the steps needed to apply for disability retirement. However, if you reach age 60 during the process, you will have met the age and service requirement for voluntary retirement. Then your…

Q. I resigned at 56 under FERS after 16 years. I plan on deferring annuity until full benefit at 62. Am I correct that if I take benefit between 57 and 61, I am not entitled to COLA? A. Yes. With the exception of law enforcement officers, firefighters and air traffic controllers, the annuities of FERS retirees are not increased by COLAs until age 62.

Q. At the end of my enlistment I will have 15 years active-duty service. Let’s say I switched to reserve component, landed a federal job under FERS, and made the deposit for my 15 years of active service. Would I still be eligible to retire from the reserves after five years (20 years total service)? Or will the deposit from active-duty time toward FERS render those years/points gone, in which case I’d still have to do 20 in the reserves? A. Making a deposit to get credit for your active-duty service would have no affect on your entitlement to reserve…

1 2 3 309