Browsing: voluntary early retirement

Q. If I do a full retirement under the Civil Service Retirement System and accepted a buyout offer as an inducement for electing voluntary early retirement, will I be able to collect unemployment compensation insurance if I look for employment outside of federal service? A. No.

Q. have been a postal employee for 28 years under CSRS.  I just turned 56.  If the Postal Service were to offer a retirement package, what would I be penalized?  Would it be 4 percent because I do not have the 30 years. A. There wouldn’t be a penalty, You’d get exaxcty what you earned. To see what that would be, use the folliwing formula: 0.015 x your high-3 x 5 years of service, plus 0.0175 x your high-3 x 5 years of service, plus 0.02 x your high-3 x all remaining years and full months of service.

Q: I was recently offered voluntary early retirement from the U.S. Postal Service. I have 30 1/2 years of credible service, I am under the Federal Employees Retirement System, and I am 51 years old. I am also considered a reduction-in-force employee because our district office has been closed. Do I qualify for the special retirement supplement? A: You would be eligible for the special retirement supplement when you reach your minimum retirement age, which is 56.