By Reg Jones
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 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 »
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 »
Q. I am 62 and have 7 years of service under FERS. My disabilities have worsened, and I must retire fairly soon. I have some other income from a state pension that will help while I apply for SSDI, but I need to know when would be the best time to retire. I do not believe my retirement will amount to more than enough to cover my life and health insurance with a little to spare according to a recent retirement estimate I received from HR. So given that, is there a particular day of the month, being paid bi-weekly, when I should set for my retirement date? Read the rest of this entry »
Q. I am considering filing for VA disability for a military injury that occurred in a parachute jump during airborne training. This was 22 years ago. I did have a severely broken ankle requiring surgery. Now I have arthritis in that ankle as well as severe knee degenerative joint disease that may require knee replacement in the same leg.
I have some concerns:
1. I never retired from active duty. I will receive a reserve retirement at age 60, however. I never applied for military disability retirement (was doing OK at that time).
2. I joined the federal service and “bought back” my military years for FERS credit (19 years). Did over 5 yrs in Veterans Affairs, so I became eligible for a deferred FERS retirement that I will elect to take at 60. Evidently, I can collect both reserve retirement and FERS without any reduction in either (I verified this).
3. If I apply for VA disability benefits (I am 50), and they are granted, will any reduction occur to either military or FERS retirement benefits? Would I lose either?
4. How does having an injury during “hazardous duty” affect me personally in terms of benefits? Read the rest of this entry »
Q. Can I retire with 26 years of service if I’m 56 years old? I am under FERS. If so, is there any penalty? Read the rest of this entry »
February 26th, 2014 | FERS annuity computation
Q. I will be retiring on March 31, 2014. Will my new salary since our 1% increase in January be one of the high-3 salary rates that my annuity will be based on?
Q. I’m a GS employee with over 5 years of time in under FERS and I’m also a military reservist. I have no prior active-duty service, but I am considering leaving my civilian job to join the active-duty military. If I did that but did not accrue the 20 years required for a military pension, could I buy back these military years after I finished serving and use them towards my deferred FERS annuity even if I never returned to a government civilian job?
February 25th, 2014 | FERS annuity computation
Q. When I retire at 56 I will have 33 years in but was born Jan. 6, 1965. Is there a way I can get the 1.7 percent retirement?
Q. I recently turned 62, and my FERS civil service disability was converted to a retirement annuity. Before being disabled I had worked civil service for approximately nine years of continuous service. I also had nine years of service in the military. Can I draw any Social Security retirement since my annuity will be substantially less than what I believe my Social Security would be?
Q. 1. I have three years of active duty in the Army from 1976 to 1979. I have been a federal employee in the Indian Health Service for 2½ years. I am at GP Grade 12, Step 3. I receive a basic pay and a locality pay. My service computation date for leave is May 8, 2008. My retirement plan is FERS and FICA. FLSA category is exempt.
I have recently learned that I can buy back my military time in active duty, but I do not understand what this means. What exactly am I buying back, and how is this reflected on my retirement?
2. At this time, my position occupied is competitive service. After three years as a federal employee, your position occupied will convert to career status. If I buy back my time in the military, will those three years of active duty be added to my 2½ years of federal employment to bring me to a total of 5½ years, putting me into career status?
Q. My wife and I are both federal employees nearing retirement. What are the pros and cons of deciding not to have a spousal annuity for either one of us since we will have our own benefits, including our own Thrift Savings Plans and Social Security?
Q. If a fed changes agencies or takes a new position and has less than five years of service when making that change, would they be shifted to the new 4.4 percent contribution since they would be hired after 2014 into their new agency/position? Is the five-year rule meant for noncontinuous service, or does it apply to continuous, as well?
February 21st, 2014 | Benefits Creditable service: FERS DOWNSIZING Earnings test FERS annuity computation High-3 PAY RETIREMENT service computation date SOCIAL SECURITY Special retirement supplement VERA
Q. I am a FERS employee working for the Department of Agriculture. I have been offered a job outside of the government and am trying to see the pros and cons of leaving. I am a FERS employee with a service computation date of Aug. 17, 1986, and am 46 years old. If I apply for Voluntary Early Retirement Authority, what would the disadvantages or advantages be?
February 21st, 2014 | Benefits Creditable service: CSRS Creditable service: FERS CSRS annuity computation EMPLOYMENT FERS annuity computation High-3 Military service deposits PAY Re-employment RETIREMENT SOCIAL SECURITY taxes Windfall elimination provision
Q. 1. How are the days of active-duty service calculated?
2. Is that a one-to-one credit added to years of service?
3. Can you buy it back after you retire and adjust the annuity accordingly?
4. Can you buy back portions of it?
5. Can you pay in installments?
6. What percentage of military pay per year would you get in retirement? For CSRS, it is roughly 2 percent based on high-3; would it be calculated on actual salary back then or adjusted for inflation?
7. Any chance for a retroactive payment once established?
8. Will I lose any benefits if I do this?
9. Can I do this if I was not in the military long enough to earn a pension?
10. How does Social Security fit into this picture?
11. Can I get all three (FERS/CSRS, Social Security, military/Defense Department) separately? What is the penalty for collecting multiple pensions if done separately?
Q. I noticed you can retire during a reduction in force at below the minimum retirement age with 25 years of service. However, I’ve also read that those people are not entitled to the special retirement supplement since they are below MRA. Can they be paid the supplement once they reach MRA, even though previously retired?
Q. I am a 59-year-old FERS employee with 33 years of federal service. If I retire in May 2015, four months short of my 62nd birthday, will my 900-plus sick leave hours be used to push my service date past my birthday and therefore make me eligible for the .011 pension multiplier (instead of the .01 multiplier)?
Q. I left active duty after 14 years and joined the reserves. Due to my specialty in certain investigations (CID agent), I was involuntary mobilized prior to obtaining a civilian (1811) job. I was mobilized for four continuous years, bringing my active-duty time to 18 years. Once off active duty, I was able to report for my first day of work as an 1811 in the GS. Since I was not eligible for active-duty retirement, I was able to use my 18 years for sick/vacation time. My unit is planning to mobilize this year (for a year), and my plan is to mobilize and hope to stay on until reaching 20 active-duty years, thereby clinching an active-duty retirement. If I buy the 18 years back now for the GS civilian job, and then I mobilize for two years, would I be eligible for the active-duty retirement since I will have reached 20 years?