By Reg Jones
Q. I retired 20 months ago and received a voluntary separation incentive payment. I can get a non-career part-time job with the U.S. Post Office that has no benefits with it. I retired from an army base public works which is DOD. Will this job effect my VSIP and retirement? Read the rest of this entry »
Q. I am 50 years old. I did six years active duty which I have not paid back to get credit, and I have 24 years civil service. I had a heart attack two years ago. I have a stint and defibrillator, but I am able to work. There is no way my boss would give me a positive disability letter. I have a little different outlook on life now. I’d like to travel, etc. Luckily, I have a few hundred thousand in my Thrift Savings Plan. What are my retirement options, if any, right now? I know I have no leave and need to somehow buy back my military time. Is it even possible to retire? If I could even get disability, would buying back my military time add to my retirement? Read the rest of this entry »
Q. My father retired from civil service in 1987. Box 2a “Taxable amount” on his form 1099-R says the taxable amount is “unknown.” My tax program asks for an amount. How do I find out what the taxable amount is? Read the rest of this entry »
March 7th, 2014 | RETIREMENT
Q. A person worked for the USPS from 1981 to 2001 under CSRS, left the system and took a lump sum refund at age 50. Would this refund include only the employee’s contributions and interest? Read the rest of this entry »
Q. I’ve read where normally one’s salary is cut by the amount of annuity he or she is receiving, but what happens if the new salary is less than the existing annuity? Read the rest of this entry »
March 6th, 2014 | RETIREMENT
Q. I am a CSRS employee who will retire Sept 30, 2014. I have read that life insurance for an annuitant is $19.50 a month. I am not married and do not have children. Is there any advantage for me to have life insurance and spend the $19.50 a month? Read the rest of this entry »
March 6th, 2014 | SURVIVOR BENEFITS
Q. My husband is a named beneficiary on his mother’s pension from the Civil Service Retirement System (she was a former employee of the USPS). She recently passed away, and I am curious about whether there is some kind of standard amount that is paid to survivors, or does that amount vary and depend on what is left in the employee’s pension account? Read the rest of this entry »
Q. I retired as of March, 2013. At that time, same-sex marriages were not recognized by the federal government. I designated my spouse as a person of insurable interest when I retired and submitted my paperwork. Now, I would like to process the annuity selection as spouse with a 50% benefit. However, the OPM specialist working on my case has said that my status as single at the time of retirement means I must stick with the former choice.
Does it matter? Isn’t my spouse entitled to benefits regardless?
A. According to OPM, “It can be done. You should write to our Boyers, Pa., office. There is an entire unit devoted to all thing ‘DOMA’ and ’same sex’ that can assist. The adjudication would be done first and then the customer notified regarding the difference owed. The customer can then decide to proceed or not.”
Here’s the address: U.S. OPM, Retirement Services and Management, P.O. Box 45, Boyers, PA 16017-0045.
March 6th, 2014 | RETIREMENT
Q. What is the percentage on your pension that is non-taxable and for how long after your retirement date? Read the rest of this entry »
March 6th, 2014 | Disability retirement
Q. I am a CSRS covered Title 32 Technician with 30 years’ service. I am being involuntarily separated militarily due to failure to pass the PT test. Due to the loss of my military status in the National Guard, I will also lose my technician position. I am 53 years old. Can I retire under CSRS and collect my retirement annuity immediately (with a penalty) or do I have to wait? Read the rest of this entry »
Q. Will my regular FERS retirement, when it exceeds FERS disability, be converted from disability to retirement? Since I am on FERS disability, my tenure continues to run. How will the supplemental SS portion of my FERS retirement be affected by the SSDI payment? SSDI does not change until I recover or reach 65. Read the rest of this entry »
Q. I am a FERS covered employee and am anticipating retirement in 2018. Will I receive full pay for all of my unused sick and annual leave? Read the rest of this entry »
Q. I was a federal worker covered by CSRS from 1975 to 1989. On leaving, I left my deposits there in the hope I would return. I did not, but I joined the reserves and worked the private sector.
In 2008, I was discharged from the military. I was 53 when discharged. I am considered unemployable by the VA and also receive Social Security Disability benefits. There was a big hole in my Social Security deposit sheet the years I worked for the federal government and therefore receive a reduced SS disability benefit.
Since I am considered disabled currently, am I eligible for an offset or do I have to wait till I am 62? Read the rest of this entry »
Q. My wife’s uncle (age 87 with 42 years CSRS) asked me to find out if his wife would continue receiving his retirement should he die first. His wife is under social security retirement after a career in nursing. She is 85, both have been retired for a long time. In this scenario, how would her future retirement be computed? Read the rest of this entry »
Q. I am a CSRS Offset employee with almost 30 years of service. After my first period of civilian service (1981 through 1992), I was laid off during a RIF. I withdrew my CSRS deposit in 1992 and have not paid it back.
Can I still get retirement credit for my civilian service prior to March 1, 1991, and receive actuarial reduction versus paying back my withdrawal plus interest? Read the rest of this entry »
Q. I am retired from the FBI. I have 22 years covered under CSRS and 11 under FERS. Because my FERS supplement ends in August when I turn 62, I plan to apply for Social Security, who has advised my monthly benefit payment will be 1120.00. My FERS supplement is approx 500.00 per month. My question is: When I begin receiving social security benefits in August, will I receive the entire 1120.00 or will it be reduced? Read the rest of this entry »
March 4th, 2014 | FERS annuity computation
Q. I am a FERS employee. If I were to retire at or after my MRA with 30+ years, for example at age 59 with 32 years, and deferred my annuity to age 62 or higher, would the deferred annuity be calculated with the 1.1 multiplier? Read the rest of this entry »
March 4th, 2014 | RETIREMENT
Q. I retired in September of 2011 and have not worried about the net amount going directly into my banking account. I feel it is important to know how much and where all the deductions are going now with all of this administration’s new taxing and comparing it to past statements. How can I receive earning statements on my monthly pension? Read the rest of this entry »
Q. I’m 53 and on disability retirement under FERS. Upon reaching Social Security recipient age, will my FERS disability payment end so I’ll only receive my regular Social Security payment? Read the rest of this entry »
March 4th, 2014 | Military service deposits
Question: I served five years active duty and am currently in the drilling reserves. I am also a civilian government employee. If I buy back my five years of active duty time, does that reset my reserve time? In other words, currently I need only 15 more (good) years to retire from the reserves. If I buy back my five years of active, will I need to complete 20 (good) years in the reserves?
A: Making a deposit to get credit for your active duty service wouldn’t reset your reserve time, nor would it have any effect on your entitlement to reserve retired pay.