Browsing: annuity

Q. I left the post office in 2002 after 15 years of service and believe there may be money owed to me that was left in my retirement that I never collected. How do I go about finding out if there is in fact money that is due to me? A. If you didn’t ask for a refund of your retirement contributions when you left, you can do so now. Go to, download a copy of the form, fill it in, and send it to OPM.

Q. I am a federal employee with 26 years of service. I have been enrolled in FEHB for 5 years. I am considering taking a break in service to stay at home with my children. If I return to work before my MRA and obtain the remaining 3 1/2 years of service can I retire with full benefits including my FERS supplement and FEHB?

Q. As a FERS employee, how many hours of sick leave is considered to be equal to a month that can be credited to your longevity computation for retirement? I believe it is 174 hours. A. What you said is basically true, but only after you have met the age and service requirements to retire. Then any days of actual service that don’t add up to a full month are converted to hours and combined with any unused hours of sick leave. If there are enough of those hours, they’ll be used to create additional months and included in your…

Q. What are the rights of a federal retired annuitant to get rehired by the Social Security Administration? A. If you are asking if an agency has an obligation to rehire an annuitant, the answer is no. That answer applies to the annuitant’s former agency and any other government agency.

Q. If I retire under the MRA +10 FERS category, and postpone receiving my annuity until age 60, what will happen to my unused sick leave? I will be 57 and plan to wait three years until I’m 60 to avoid the penalty. Someone told me to use it all since I’m not retiring on an immediate annuity and I do not get any credit. A. Sick leave is never used in the computation of a deferred annuity. However, you have no right to burn off your sick leave just because it will be lost. Sick leave can only be…

Q. I have 56 years with 31 years of federal service under FERS and TSP. A friend tells me that we will have to pay Social Security FICA after we retire at age 56. Is this correct? A. The only way that could happen is if you were employed in a job from which Social Security taxes were deducted. FICA taxes are never deducted from an annuity.

Q. I am an ATC FERS Front Line Manager who will retire in the next couple of years with 26 years of service. Will I be paid out for accrued sick leave and annual leave? A. You’ll receive a lump-sum payment for your annual leave. Your unused sick leave will be added to your actual service and, if there’s enough of it, used in the computation of your annuity.

Q. I realize the answer to my question depends on the tax rate of the individual, but assuming their income is exclusively from their pension, how many years would a CSRS retiree need to work (excluding the effect of sick leave) in order to bring home approximately the same pay after retirement? In other words, what deductions will cease at retirement? Medicare? CSRS payments? The other variable is how much they are having deducted for the TSP every year. If it’s 10 percent, and that ceases at retirement, then I can see a person taking home 100 percent at about…

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