Browsing: Retirement date

Q. I am 56 1/2 years old with 27 years of federal service. How does this Voluntary Early Retirement Authority (VERA) actually work? I will not have 30 years of service until November 2018. If I were offered a VERA, does this mean that they will give me the additional three years and that would be how they would calculate my retirement amount? A. No, it doesn’t. If you are eligible for a VERA, your annuity would be based on your actual length of creditable service when you retire. Because you are a FERS employee, the following formula would be…

Q. I am currently 60 years old. I want to start drawing my federal retirement at age 62. If I leave federal service before age 62 — because I am offered a job in the private sector or as a contractor with the federal government — what is the proper federal retirement paperwork to file to ensure I start getting my FERS retirement annuity at age 62?

Q. You show the best date in June 2015 to retire (FERS) as June 27. If I want my first annuity check to be paid in August, wouldn’t I have to retire June 30? I’m afraid if I retire on June 27, even though that would gain me the leave accrual for that pay period, I’d be postponing my first annuity check by another month.

Q. I was born in 1959, so my MRA age is 56 with 30+ years of service. I turn 56 on Oct. 10, 2015 (which is a Saturday) and I will have 31 years with the USPS (FERS). My master file says I’m eligible to retire on Oct. 9. What is the correct date of retirement? I don’t want to retire on that Friday, Oct. 9, only to find out I retired one day too early.

1 2 3 4 5 14