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 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 »
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 retired on a Voluntary Early Retirement Authority in January 2013. I turned 56 on Feb. 6. I understand I am eligible for the special retirement supplement. Do I need to notify/contact someone to get this processed? How long before I start receiving this benefit?
Q. I’m FERS and will have 28 years and nine months in at my minimum retirement age of 56. I have a sick leave balance of 2,819 hours (I’ve never used any sick leave in my whole career). I’m 54 now and will work at least until 56. My sick leave credit will give me more time toward my FERS annuity (approximately 30 years). Does the sick leave give me 30 toward the special retirement supplement if I go at my MRA, or do I need to work until I have 30 years of service, which is three years from now. My hire date is Aug. 2, 1986.
February 17th, 2014 | Coverage after retirement Deferred retirement discontinued service retirement DOWNSIZING FEHBP HEALTH INSURANCE Minimum retirement age RETIREMENT separation Special retirement supplement
Q. I am 57 years and two months old. I am most likely going receive a sanction on my nursing license in late April or early May. I have 21 years and three months of service, including three years of military buyback time. I have carried federal health insurance since 1995. If I wait until the probable board sanction and I get terminated, will I still be able to defer retirement until age 60? Will I still be able to continue health insurance at age 60? Or would it be better to retire the day before the stated board of nursing action and avoid termination? Also, if I am terminated do I go to human resources and apply for deferred retirement, or do I do it through the Office of Personnel Management?
Q. I am looking at retiring in January 2015. I will be 56 years old Oct. 15. I will have 30 years in as of Dec. 24. Waiting until the end of leave year to cash in all available annual leave. I am looking at cashing out my Thrift Savings Plan in a lump sum to pay off all debts. Will that income be considered part of earned income so that the special retirement supplement is reduced?
If so, would it be in my interest to retire at the end of 2014 so that my annual leave hits that year instead of 2015? I will have more than 1,800 hours of sick leave accrued by the end of 2014. Can that be used to offset the age so that I could perhaps retire earlier so that the TSP lump sum is counted in 2014?
Q. How does the Voluntary Early Retirement Authority work for cost-of-living adjustments and Social Security?
Hypothetical situation: Person retires at age 52 years old with 30 years as a FERS civilian in 2014. S/he does not get any COLAs until age 62 in 2024. If this person’s annuity is $2,000 a month, then their annuity remains the same until age 62. Would his/her annuity be readjusted with COLAs to the year 2024? If the person’s minimum retirement age is 56 in 2018, would COLAs kick in and his annuity be readjusted?
Q. I just received my 30-year pin for government service time worked as a FERS employee. I’ve been considering relocating to Florida and can’t find a government job. If I took a job at a town hall in Florida, would I be able to resign from my current government job and have them keep all my retirement and Thrift Savings Plan on ice until I would have been eligible to retire at age 56 without penalty? If so, would I also be eligible at age 56 for the special retirement supplement, even if I were working for the town, or would I have to retire from the town job to be eligible for the supplement?
The only reason I ask is that after seeing your answer to someone else’s similar question (they only had 20 years vested), part of your answer was: “The only way to reduce or avoid the reduction would be to retire and postpone the receipt of your annuity until a later date.”
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 55 years old and plan on retiring when I turn 56 (minimum retirement age) with 30 years of service. I worked for 4½ years under CSRS and then had a break in service for almost three years. When I went back to work, I was put in the CSRS Offset and worked for another five years. I then had another break in service for two years before going back to work. At this point, I switched to FERS. Am I entitled to the special retirement supplement when I retire?
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 am covered by FERS. At my minimum retirement age of 56, I will have 28 years of federal service and approximately one year’s worth of unused sick leave. My understanding is that if I retire at that point, my annuity will be reduced by 35 percent – 5 percent for every year I am under 62. Is there any way I can avoid this age reduction to my annuity other than:
1. Continuing in federal service until I am 58, at which point I will have 30 years of service without counting any unused sick leave, or
2. Postponing receipt of my annuity until I am age 60?
For example, what if I wait to retire until I am 57, at which point I will have 30 years of service including my unused sick leave. Could I retire at that point and start receiving my annuity without an age reduction at some point before I am 60?
Q. I am a dual status military technician. I was hired as a GS-13 in October 2009. I began an active-duty military tour in January 2012 and will return to GS-13 in July. Provided I buy back the time while on leave without pay for military duty on this tour (as well as buy back five years of active-duty time served prior to GS-13 employment), will I be eligible for any GS retirement benefits if I leave the GS-13 job in January 2015? I have contributed 10 percent into my civilian Thrift Savings Plan and received a 5 percent employer match while on GS status.
If so, what would they be based on (five years and three months of civil service + five years of prior active-duty service = 10 years and one month of credit?) When would I be eligible to receive it?
February 10th, 2014 | Coverage after retirement Creditable service: FERS Deferred retirement Early retirement FEHBP HEALTH INSURANCE Minimum retirement age MRA + 10 Postponed retirement Re-enrollment RETIREMENT
Q. Do I have any options for early retirement that will allow me to keep Federal Employees Health Benefits if I retire at age 52-55 with 20-23 years of service with a minimum retirement age of 57? I know I can take postponed, but then I lose FEHB. So I was wondering if there was any other way.
Q. I am 55-year-old postal employee with 27 years of postal service. I have read that a Voluntary Early Retirement Authority will be offered to eligible employees. Would I be eligible for the special retirement supplement? I also have an Equal Employment Opportunity case that has not been adjudicated, how would this affect my case? Would it still go forward?
February 10th, 2014 | Creditable service: FERS discontinued service retirement EMPLOYMENT FERS annuity computation Minimum retirement age part-time RETIREMENT SOCIAL SECURITY Special retirement supplement
Q. I am a federal air technician with the Air National Guard. I have 34 years in the Guard and 27 years as a federal full-time technician. I am in FERS and have a minimum retirement age of 56. I will be 53 this year.
It has been communicated to me that I will probably not be retained this year, meaning that Dec. 31, 2014, I will be involuntarily retired, thus losing my full (technician) and part-time (traditional Guard) employment. When can I begin collecting my retirement pay, Social Security, Thrift Savings Plan? Are there any penalties if I was forced to retire?
Q. I retired Feb. 28, 2013, at my minimum retirement age with 13 years. Can I be rehired in another position to get my 20 years in? I was a rural mail carrier.
Q. I am retiring at age 55. I will have 26 years of 6(c)-covered service and an additional two years of military for a total of 28 years. What is the maximum amount of special retirement supplement I can get as a military veteran?
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?