By Reg Jones
Q. I am nearing 20 years of service and am over 56 years old. As of March 6, 2014, I will have 20 years of federal service and, as of March 31, a total of 20 years, five months and 16 days counting all of my creditable sick leave.
To apply for Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay, do I first have to be retirement eligible? Am I able to adjust my retirement date and still keep 20 years service by applying unused sick days, or are they only attached to the end of my total federal service time?
Q. Next November (2014), I will have 20 years of civil service but will not be the minimum retirement age; I will be 54. If there is a reduction in force next year, could the minimum age requirement be waived? I am retired military with 15 years (early retirement in 1994). I fall under FERS.
Q. I am in CSRS offset, and I am eligible to retire now. I turned 66 on April 8. I started collecting Social Security benefits as of Jan. 1 and continue to work. How will my retirement calculation change when I retire? Most, but not all, of the Social Security benefits were earned while I was under CSRS offset. I copied the following excerpt from “Ask the Experts”: “In the year you reached your full retirement age, it would be reduced by $1 out of every $3 you earned. After that, there wouldn’t be any reduction.”
I don’t understand what will be reduced from my Social Security or my retirement when I retire?
Q. I’m a permanent Department of the Army civilian employee under FERS. I was hired July 27, 2009, as a temporary term employee and converted to permanent status Feb. 14, 2010. I’ve had full benefits from the start of my employment, except for medical, which I started in January 2010. All of my benefits have continued without interruption (I think I had either two or three days leave without pay while on term).
I have two years and seven months of military service from the 1960s. I’ve been looking into buying back my service time, but since I don’t have the buyback numbers yet, I haven’t made a decision one way or the other.
I’m 66 years old. What would be the earliest date I could retire maintaining my pension benefits and medical insurance (vesting)?
Q. I am an employee under FERS. How will my approximately 700 hours of unused sick leave count toward my total service when I retire in 2014? My service computation date is March 3, 1994, and I will be 62 years old when I plan to retire in March. If I retire Jan. 10, will my 700 hours of unused sick hours count toward my desired target of 20+ years of service, or must I wait until March 3 to hit the 20-year threshold?
November 15th, 2013 | annuity reduction Coverage after retirement Deferred retirement Eligibility EMPLOYMENT HEALTH INSURANCE Minimum retirement age MRA + 10 PAY Postal Service Re-enrollment Resignation RETIREMENT Special retirement supplement
Q. I am 49 and was wondering if I can retire at 52 with 20 years of Postal Service time even though my minimum retirement age is 56. If so, could I defer my pension until 60 and collect it then with a 5 percent penalty for each year before 62? Would I be eligible to continue my health benefits and collect the special retirement supplement until age 62 if I were to do that? Or would I have to use my MRA+10 computation to retire? If that is the case, would I then be able to continue my health benefits and receive the special retirement supplement at 56?
Q. I am going on 42 with 23 years of federal service. I would like to know if I would qualify for anything if a reduction in force were to take place. I see the computation charts show any age but you need 25 years. I don’t have 25 yet, so would that mean I wouldn’t be eligible for buyouts or anything until then?
Q. I am in a law enforcement position with 20 years as of September. I’m age 47. I’m looking at transferring to another federal agency that is not law enforcement. Would I be able to retire at the age of 50 from that agency if I choose, or will I be able to stay there after the age of 57?
Q. I am 63 years old and have worked for Department of Labor for 14.9 years. My department is offering buyouts, but I can’t seem to find anyone who can tell me if I’m eligible. Is anyone with less than 20 years ever eligible?
Q. I will be 56 in January 2014 with over 20 years of federal service (included military time bought back). Am I eligible for early retirement? Approximately how much will I be getting monthly?
Q. I am a 45-year-old FO-1 foreign service officer with 21 years of service. My agency’s benefits office says that I can retire and collect an annuity immediately if I wanted to. Can this be true? I thought I needed to be 50 years old before being eligible.
Q. I was appointed in 1992 at age 43 to my current position, an approved “secondary” law enforcement position within the judicial branch. I just completed my 21st year in the position and am retiring in January. Despite being in an approved law enforcement position, I am not in the LE retirement plan but rather regular FERS. Because the agency decided to hire me when I was beyond 37 years old, can they now say that because I was over 37 at time of appointment, I am not eligible for law enforcement retirement?
Q. I am a FERS employee offered a voluntary early retirement date of Jan. 31, 2014 (annuity effective date Feb. 1) I am eligible for optional retirement on Feb. 3, 2014, at age 56 with more than 31 years (annuity effective date March 1). Would taking the VERA a few days earlier affect my annuity amount? Which would be more beneficial?
Q. I am a 45-year-old 1811 with 19 years 6(c) and one year as an immigration inspector prior to them being covered. I also have four years in the military. When I reach 20 years 6(c) (25 years total government time) at the age of 46, will I be eligible to retire and collect right away?
Q. My wife worked for the Department of the Navy for six years 1990 through 1995. Is she entitled to any retirement benefits?
Q. I am 54 years old with 16 years of federal service under FERS. I am eligible to retire at my minimum retirement age (56) on the MRA+10 option. At that time, I will have approximately 700 hours of unused sick leave. Can I apply the unused sick leave to my time in service, reducing the amount my annuity is cut? If I retire at 60 with 22 years of service, my annuity will not be reduced, but my accumulated sick leave becomes worthless, correct? Can I retire at 59½ and apply the sick leave to the end of my service?
Q. I will be 62 in February and plan on retiring. I joined the Navy in 1970. Since then, I have two years and nine months of active duty, two years of inactive Navy, 10 years of active Naval Reserve and 13 years of active Naval Reserve for a total of 25 years and eight months. I was placed on the Naval Reserve retired list in February 1999. I would be eligible for reserve retirement when I turned 60, which was February 2012. Authorization for retirement is per references 10 U.S.C. 12731, 12732, 12733, and 12739. In May 2001, I began my employment with the Postal Service under CSRS. I sold back military time, which came out to 17 years and eight months. Since I plan on retiring when I turn 62, am I eligible to receive my Naval Reserve retirement and the post office retirement? Under the CSRS publication, Section 22A3.1-3, it looks like I can receive both retirements, and if so, do I get retirement for 12 years or 30 years at the post office? If 12 years, can I get the money back that I paid to the post office for the military buyback?
Q. I am retired military getting a pension and I have worked enough years as a CSRS/FERS, not sure which, to qualify for a pension there. I don’t want to buy back my years as it would be too expensive at this point. Will I get both pensions? Will one be reduced?
Q. I will be eligible to draw my CSRS retirement on Jan. 18. I work at the Veterans Affairs Medical Center in Asheville, N.C. I will be 62 years of age on Jan. 18 and also eligible to draw Social Security. Can I draw my CSRS retirement but leave my Social Security at this time, and still continue to work at VA and draw full pay?
Q. I have been a federal employee for one year. However, I am 60 years old. If I stay with the federal government for five years, will I be able to receive retirement pay? I have also served in and retired from the military.