By Reg Jones
Q. I am a Postal Service employee under FERS. I originally planned to retire Nov. 28, 2014 to avoid another holiday season.
First, can you retire with more than 440 hours of annual leave?
Second, if I delay my retirement to the end of December and my annual leave is paid in January, will that lessen the taxes I would pay since my income would be less?
Q. I recently went back to work as a federal employee with the Veterans Affairs Department. When I retired through Department of the Army, I was a GS-9 Step 4 with more than 27 years of total federal service. In addition, during my tenure, I worked with the Defense Finance and Accounting Service as a GS-8 that was within the same job series 0990.
Thus far, VA has not given me credit for my total service time, whereupon they set my service computation date up as Jan. 27, 2013. I was hired into a GS-7 position on that date, and they brought me in as a Step 1, although I had thought I would be at least a Step 2 or 3 because of the GS-8 position I had held with DFAS for nearly two years.
I contacted the Office of Personnel Management and complained but was told that these issues are out of their jurisdiction and that it is up to the employing agency to decide. The primary reason I considered going back to work for the federal government was because I believed I would receive eight hours of annual leave each pay period as I did before retirement instead of the four hours I currently receive. Is VA correct in doing so? I thought that total federal service time counted even as a rehire. Why am I having to forfeit the offset amount if my prior service time is not given back to me?
Perhaps I can somewhat understand being brought back onboard as a GS-7 Step 1. However, once again because I am having to give up an offset amount of a GS-9 Step 4, I would have thought VA would be more accommodating. If I wasn’t a retiree and had been a GS-9 and had taken a downgrade to a GS-7, wouldn’t they keep the rate of pay in line? So why doesn’t that apply with returning to federal service after having been retired?
Thus far, VA has spent several thousand dollars to train me in my new position as a VSR. However, I am now debating whether this job and the stress that goes along with it is really worth the lack of benefits I had expected. Am I being treated properly by VA on these two issues?
Q. I have scheduled my use-or-lose leave and have been approved. If I am not able to use it at the time it is scheduled, will I be able to use it in January after the cut off time to use your use-or-lose?
Q. I am a FERS employee. I am 57 with 26 years of service.
1. Do I get annuity computation for sick leave? If so, how is it computed?
2. I was born in 1956. What is my minimum retirement age, and how much service should I have under the MRA?
3. What happens with my annual and sick leave when I retire?
4. When should I start preparing my paperwork for my retirement?
5. My agency is going through a reorganization. We have the options for early retirement, buyout, being reassigned to New York or Boston (I live in D.C.), or leave the agency. Would the above actions make me eligible for the discontinued service retirement? Would I be penalized for every year I’m under 62?
Q. My planned retirement date is Jan. 11. Will I forfeit my use-or-lose leave?
Q. I will have 448 hours of annual leave accrued when I plan to retire on Jan. 3. By retiring after Jan. 1, will I lose 208 hours and not be paid for it? If so, would Dec. 31 be a better bet?
Q. My official retirement date is Dec. 28. I need to take leave on Dec. 27 (Friday). If I complete the station clearance process on Thursday, is there a rule/reg that would prohibit me from taking leave (sick leave, annual leave or compensatory time) on my last scheduled work day before retirement?
Q. I am eligible for FERS retirement on Jan. 17, 2015. For financial reasons, assuming the special retirement supplement is not canceled before then, I need to not use any annual leave for all of 2014, and then cash out my 448 hours (240 saved and the 208 for FY14) at my hourly rate for an approximate $20,000 needed to pay off my mortgage. My problem is, with the 2014 leave year ending Jan. 10 or 12, 2015, I may conceivable lose the 208 hours of unused 2014 annual leave. Is there any way I can plan and execute my desire to save up my 2014 annual leave to use my 240 use/lose plus the 208 2014 hours to meet my financial goals?
Does it change anything when considering both my mom and mother-in-law who reside in another state 1,500 miles away are in bad health (i.e. bona fide family need) in the request for waiver or any such option?
Q. I am 58 years old and under CSRS, have 27 years with 1,200 hours of sick leave and 350 hours of annual leave. I want to retire under the Early Volunteer Special Option. I understand that I have to retire on or before Dec. 31 to qualify for this special option. I want to maximize my annual leave lump sum.
Q. I am a FERS employee and plan on retiring March 31, 2014. Can you provide any guidance on whether this would be a good date to retire, or do you advise earlier in the year?
Q. When I take Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay and I have annual leave, are they combined into one lump sum for tax purposes, or are they separate?
Q. I plan to retire at the end of February. In January, I will receive 208 hours of use-or-lose leave. Will I be able to use the 208 hours or only get the days until I retire in February?
Q. I have been on sick leave most of the year. I have 205 hours of use-or-lose annual leave. Is my agency required to carry this over since I was unable to use the annual?
Q. I expect to receive a lump-sum payment for annual leave accumulated in 2012-13 in 2014. When should that lump sum be taxed?
Q. I retired from the Postal Service on Jan. 31. I am 60 years old and I took the Voluntary Early Retirement Authority. I received an $11,000 annual leave payment, and the $10,000 buyout. I also receive a widow’s benefit from Social Security of $9,000. Will this money be counted as earned income on my income taxes against the $15,120 limit? I also receive the special retirement supplement.
Q. I was told to retire on the last day of the month. However, that day falls during the middle pay period. Which would be most financially beneficial: Stay with that day and lose eight hours of annual cash in pay or complete the pay period and retire the first week of the next month, thus getting the eight hours of annual pay but losing the benefits of retiring at the previous month’s end?
Q. Would the receipt of lump-sum leave payment (estimated $17,000) and a Voluntary Separation Incentive Payment (estimated $25,000) count against the earnings test to receive the special retirement supplement? If so, I assume that would effectively eliminate the supplement in the first years.
November 7th, 2013 | Annual leave Creditable service: FERS Deferred retirement EMPLOYMENT FERS annuity computation LEAVE Military service deposits Re-employment Resignation RETIREMENT Retirement date Sick leave
Q. I joined the military Sept. 12, 1978, and retired Oct. 1, 2008, with just over 30 years of active military service (no broken time). I began working for the federal government under FERS on Jan. 4, 2009.
I’ve been told that I can resign after five years of government service (Jan. 3, 2014) and collect retirement benefits from the federal government once I reach the age of 62. Is that correct?
If I have 40 hours of annual leave and 40 hours of sick leave, what is the earliest I can retire? Would it be two weeks prior to Jan. 3? Or one week? And if it is 2 weeks, will I be paid for both weeks or just one week (annual leave)?
Once I reach the age of 62, if I qualify for retirement benefits for my federal service, what will I need to do to begin collecting that benefit?
Q. I will have 10 hours of annual leave, effective with the pay period ending Nov. 16. My FERS retirement date is Nov. 30. I want to clear station Nov. 26, take annual leave Nov. 27 and 29 and have holiday excused on Nov. 28. Is there any problem with this and with using my annual leave the same pay period I earn it?
Q. I retired from the government (FBI) on Sept. 30. My annual leave hours were close to 200. When would I receive a check for these hours?