Browsing: retirement computation date

Q. I plan on retiring in 2013 under FERS immediate annuity under the 30-year/minimum retirement age with no penalty for age. I am FERS code 8, and my annuity computation date and retirement computation date are both Feb. 8, 1983. 1. Is the earliest date that I can retire on to give me 30 years Feb. 8, 2013? 2. My 30 years will consist of FERS employment, “bought back” military time and “bought back” (via a redeposit) CSRS time. Will I qualify to receive the FERS annuity supplement even though I will not have 30 years of FERS-only time? Can…

Q. I have worked for the USPS for a little more than 25 years and am under FERS. I have accumulated 2903 hours of LWOP over this period (having two babies and caring for elderly parents). I never used more than six months in any one year. Will I have to make this time up on the end (approximately 1½ years)? Will it affect my retirement computation date? A. Up to six months of LWOP in a calendar year is considered creditable service. As a result, your retirement computation date won’t be affected.

Q. I am a CSRS postal employee considering retirement, with the offer of $20,000 Special Retirement Incentive as a postmaster. I am 55 with 30 years of service. Under service history, I have listed as unfunded, work from Aug. 22, 1979, to Oct. 5, 1979. This is one month and 14 days of service. In addition, the history lists this service under U.S. Postal Service when the work was for the U.S. Census Bureau. Should I be concerned about getting the agency information corrected on this? I was first employed by the Postal Service on June 19, 1982. I assume…