By Reg Jones
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. 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.
Q. I worked for the USPS from 1989 – 1999 as a full time Clerk. Will I get a retirement pension of benefit in the future? When it will be and how much monthly payment I can get? Read the rest of this entry »
February 26th, 2014 | Eligibility
Q. I plan to retire from a covered 6C law enforcement officer position and collect my pension annuity. Will I be able to be re-employed at a non-covered, non-LEO position and collect a salary and previous pension together? If so, what are the specific criteria so as to not “double-dip”?
Q. I am 57 years old and have 28 years of federal service with the Navy. Due to my declining a transfer of function outside of my commuting area, I will be separated from government service July 31. Am I entitled to a discontinued service retirement?
Q. I will be 52 years old March 9. I am covered under FERS, and I have 31 years of federal service. If my base offers an early-out this year, I plan to take it.
I have a substantial balance in the Thrift Savings Plan and would like to withdraw it in its entirety when I take the early-out so I can invest it in my daughter’s business.
1. Will I be penalized for withdrawing my TSP funds early? If so, how much? I know I will be taxed, and I am OK with that. My husband plans to keep working. He is a GS-12, retired military and we have no bills, so we will be fine.
2. I know I cannot draw Social Security, and I don’t plan to do so until I reach the required age. In the meantime, will I be eligible for the special retirement supplement if I retire now? If not, at what age will I be eligible, if at all?
Q. I worked for the Postal Service from 1988 to 1999 and took my retirement money with me. Someone told me that they only gave me what I put in and I am entitled to the money they matched. Is that true? Am I entitled to any pension from the post office when I am old enough to retire for good?
Q. FERS discontinued service retirement with 29 years and nine months. After five months of trying to reach the Office of Personnel Management, I was told I’m not entitled to the special retirement supplement due to less than 30 years. I am 56 years old. All paperwork received prior to retirement indicated that I was entitled to it.
Q. I received an “early-out/buyout” in 2006 with 22½ years of service prior to my minimum retirement age. I was age 46 at the time. Will I be eligible to receive any FERS annuity once I reach my minimum retirement age?
Q. I am planning to retire at the end of pay period 26, which is Jan. 10, 2015. I will have 13 years, 11 months and 20 days of service. I will be 10 days short of 14 years of service. If I have 80 hours of unused sick leave, will that cover the 10 days to get 14 years of service?
Q. I worked with the state as a wildland firefighter for 13 years. I am now considering a secondary position. From my understanding, this would not be a 20-year position for me. What would the retirement time be? 25/30?
Q. I was employed by the Postal Service from 1987 to about 2000, out of 50 Brewery St., New Haven, CT 06511. I was informed that because of the length of time I was employed that I was eligible for a retirement benefit upon reaching the age of 59½. My 59th birthday occurred Aug. 3 (birth year 1954). I don’t remember my employee ID number, so how will I find the information I would need to apply for these benefits?
Q. I am a civilian federal firefighter. I bought back four years and one month of active-duty military time (also as a firefighter) into FERS. I will have 25 years total (four military and 21 civilian) when I am 48 years old.
Can I retire at that time since firefighters can retire at 25 years of service at any age, even though only 21 of those years are as a civilian firefighter? My active-duty time was as a firefighter also, USAF 3E751.
Q. I retired from the Navy in 2001 after 20 years of service and then took a position at the Postal Service, which I have been at for 10 years. I am 53 years old. I have been collecting my military pension since I retired from the Navy and want to know what my options are for retiring from the Postal Service. Can I collect a separate pension from the USPS? If so, at what age can I retire and can I get full pension benefits from both the military and the USPS?
Q. I am a Defense Department firefighter with 20 years in service. I also have four years of military time, which I bought back. I want to leave DoD fire and work in another federal office that is also covered by FERS. I am 42 years old. I want to leave now with 20 years of firefighter time and work in another federal office for five years. Would I still qualify for an immediate annuity once I have a total of 25 years in federal service even though 20 were as a DoD firefighter and five were inside another federal agency in a regular FERS-covered position?
Q. I will complete 23 years in the Postal Service next month. I am 48 years old. Can I collect a pension?
Q. I am a CSRS employee. If I turn 55 on. Jan 21 2015, but plan to retire Jan 3, 2015, will I be penalized for being under age 55?
Q. I am 55 and under FERS. My minimum retirement age is 56, and I will be eligible for retirement June 22. About the penalty of 5 percent for each year under 62: Since I am six years from age 62, does this mean my annuity will be reduced 30 percent from day one of retirement? Or does it mean it will be reduced 5 percent annually for each of the years between 56 and 62?
Q. I have a service computation date of March 1987. I would like to retire within the year. I am 54 years old (June 1959 birth date). Will I be able to retire before the minimum retirement age of 56 and receive my monthly annuity payment as a FERS employee? How do I do that? Is there a way to change my MRA?
Q. I will be eligible for retirement in approximately 14 months. Early on in my career, I injured both of my knee on different occasions. My knee bothers me to this day. Is there a way to file a claim for service-connected injuries similar to what is available when exiting the military? If so, where can I find more information?