By Reg Jones
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 »
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. I am 57 with 22+ years of service with the Veterans Affairs Medical Center. I’d like to find out what my FERS balance is and what would be the best time to start an annuity. I served from 1989 to 2010 + two years active military bought back.
Q. I am a military technician who is reaching age 60. At that time, I will only have 16 years civil service. Will I receive a full retirement with the special retirement supplement? Or will it be a reduced retirement?
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 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 am 57 years and two months old. I have 21 years of federal service (FERS), including two years and 11 months of military buyback time. I am considering early retirement. I have maintained Federal Employees Health Benefits since I started 18 or so years ago. The human resources experts here are telling me that if I defer my retirement to age 60 (which I am eligible) that I can never again receive FEHB. I cannot find that statement anywhere. I have seen a local in-service slide presentation that you can defer retirement until age 60 or 62 and pick up health insurance at that time. Can you tell me what is correct in this scenario?
Q. I retired, I believe, under the MRA + 10 program, at the end of my member’s term. I have a total of 13 + years with the House of Representatives. I get a small annuity. I may have an opportunity to return to full-time service with the Department of Homeland Security. How will that affect my retirement? I assume the annuity would go away but am not sure how the health care would be handled. And I have been retired almost five years now. Will this new position accrue along with my previous 13 (since they were with the House and not GS)?
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 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 intend to retire from government civilian service at age 60 under MRA + 10. At the time of my retirement, I will have 15 years of service. Accordingly, as I understand it, I will be eligible to defer or postpone my retirement annuity until age 62, thereby bypassing the age reduction penalty. Would I lose any of my accumulated sick hours (currently 1,200 hours) under either the deferred or postponed retirement programs?
Q. I have reached my MRA+10, and I am considering retiring. Since I am 60, I would like to postpone receipt of my annuity until 62 to avoid the age reduction. I have been told by my servicing HR department, which is not in my agency, that I must resign my position.
I have read the FERS handbook and noted that it recommends one not resign since it could affect survivor benefits should I die before applying for the annuity. Also, I read that the HR department must fill out the SF 3100 and add a remark “Appears to be eligible for immediate MRA+10 retirement annuity.” Also, a remark should be added to indicate if the employee appears to be eligible to continue Federal Employees Health Benefits and Federal Employees’ Group Life Insurance coverage.
I would like to pick up my FEGLI when I begin my annuity at 62. My husband is a federal employee and pays for my FEHB and LTC insurance. The HR department seems unwilling to assist me and is just telling me to resign and submit the RI 92-19 60 days before the date I choose to receive the annuity. What is the correct way to separate from federal service in this instance? If it is retirement and not resignation, how does one separate without resigning? Do you have any suggestions on how to get the HR department to assist?
Q. I have no plans to retire until I reach my MRA+30. I will reach my minimum retirement age in 2017. I will not have 30 years until July 2, 2019, by which point I plan to have about 1,300 hours of sick leave. Can I retire around Jan. 1, 2019, and have my unused my sick leave to calculate out to 30 years of service with no penalty?
Q. How many years does a retired veteran of 22 years need to work for the federal government before retiring again?
Q. I retired in 2004 under the D.C. Police and Firefighters Retirement System (Metro Plan) and immediately re-entered the federal government as a permanent full-time employee. My second career will consist of 11 years. I assume I will be able to continue to receive my current annuity and draw a smaller second annuity from my 11-year service. Is that true?
Q. I am a GS-15 in the Department of the Air Force in San Antonio. My parent office in D.C. is relocating all field representatives (there are nine of us) back to the National Capital Region. I am 57½ years old and have more than 13 years of service. I know I am always eligible for MRA + 10 retirement, but do I have other options? If I can retire and not lose the 5 percent per year, I would seriously consider this. There is also a Voluntary Early Retirement Authority window still open to me, I believe.
Q. I am 55 and worked 19 years with the Postal Service under FERS (from age 26 through 46). I have worked other jobs in the past and up through a few weeks ago. Can I start drawing my pension from the Postal Service? I realize it would be at a lower rate than if I waited until I was older.
Q. I will have 25 years under FERS once I complete the buyback of my military time and 15 years of federal time at age 56. Is it true that I have labored under the misconception of the 80 rule all these years? When I was hired, this information was in my package. I can’t believe I have been looking forward to a full retirement just to hear I will lose more than 30 percent.
January 9th, 2014 | annuity reduction Creditable service: FERS Disability retirement FERS annuity computation High-3 Military service deposits MRA + 10 PAY RETIREMENT SOCIAL SECURITY Special retirement supplement
Q. I am eligible to retire under FERS now that I am 56 years old and have 28 years of service with the Veterans Affairs Department. If I were to retire under FERS disability instead, would I still receive the special retirement supplement that accompanies regular FERS retirement? Also, would my five years of military service be taken into account for FERS disability if I have paid my military deposit into the system?