By Reg Jones
Q. I am a FERS employee with a service computation date of March 30, 1986, and a retirement SCD of Feb. 4, 1982 (I had 4+ years of active duty, for which I made a military deposit.)
My birthday is Feb. 15, 1959, so I will be 55 in February 2014 and 56 in February 2015.
If I were to receive and accept a Voluntary Early Retirement Authority offer in 2014, would I still receive the special retirement supplement until I turn 62? If so, would it start immediately when I retired, or would I need to wait until I turned 56?
Q. I had cashed out the five years of FERS service from May 1987 through August 1992. I was reinstated in November 2005 and been with the federal government since.
I just received a letter from the Office of Personnel Management that I would have to pay $1,973 for FERS redeposit and $3,541 for the interest — a total of $5514. The date shown is Nov. 14, 2013.
I wonder if redeposit is a good approach at this time? Please explain the benefit of having this redeposit made vs. not doing anything.
And, for future reference, where can I tap on for more info on FERS retirement?
I plan on retiring in 2026.
Is there any other smarter way of analyzing the situation?
If I pay the total amount, what is the due date without further due on interest?
Q. I served in the Air Force from 1966 to 1970 and started working for the Defense Department in 1970. My CSRS retirement contributions started at that time, and my service computation date was listed as Dec. 12, 1966. When I retired on Oct. 1, 2011, I had worked for the DoD for 40 years and nine months (44 years and nine months with my Air Force time included). With my four years of Air Force time included, I reached my 41 years and 11 months in November 2008, since I continued to work until October 2011. I thought that my retirement contributions from December 2008 (41 years, 11 months) to Oct. 1, 2011, would be returned to me. I am now being told that that is not the case.
Q. I am a GS-11 with the Department of the Air Force. My service computation date is July 2007. I was just notified that I may lose my position to another GS-11 whose position falls under a reduction in force. The issue I have is this employ was offered a GS-09 position which is sitting vacant in my section, which he declined to take. So I am now losing my position and am being told I will be moved into the GS-09 position while the RIF’ed employee takes my position. This makes me think I don’t have to take the bump to the GS-09 and can take someone else’s position and knock them down to the GS-09 position. I am an 0080 but was an 0083 prior to this. There is an 0083 GS-11 position with a service computation date of 2009 which I would like to take instead. Am I eligible to bump that position and take it? Is that an option?
Q. I joined the Navy on Sept. 1, 1988. I joined the federal government (FERS) in December 1997. I was on terminal leave from the active-duty Navy for an overlapping 80 days (until March 1998). I paid my deposit for the military time. My agency wouldn’t change my service computation date back to June 1988. I argued that I paid a deposit for all of my time and should be “dual credited for those 80 days.” My case went to the Office of Personnel Management for a ruling, and I won. My SCD was changed to June 19, 1988. In August 2007, I joined the Defense Department (FERS Title 5). They changed my SCD back to September 1988, even though I had an SF-50 explaining everything. I made the same argument and they simply said, “That’s not how we do it in the DOD.” So I’ve read the rule covered in FERS handbook 22a6.1-4, but I can’t make heads or tails out of it. In your expert opinion, how should dual creditable time affect SCD?
November 25th, 2013 | annuity reduction Creditable service: FERS Earnings test EMPLOYMENT FERS annuity computation law enforcement Minimum retirement age PAY RETIREMENT service computation date SOCIAL SECURITY Special retirement supplement
Q. I am a law enforcement officer, born 1967. My 6(c) service computation date is Nov. 1, 1989, and I plan to continue to work as a 6(c) until Dec. 31, 2014 (but not retire, simply change jobs/agency). I would like to continue working as a FERS regular employee until Dec. 31, 2020, when my youngest is out of college. If I change from 6(c) to regular FERS either now or at the end of 2014, do I mess up my ability to retire with the 6(c) computation of my 20 “good years,” or lose the ability to retire before minimum retirement age on an unreduced annuity, or give up the ability to avoid wage earnings testing against my special retirement supplement prior to my MRA?
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?
Q. My retirement computation date and annuity computation date is Jan. 20, 1981 (showing 33 years at the end of January 2014 because I paid back four years of military). Does that mean I would not receive the special retirement supplement because I’m not 30 years, as military didn’t count toward the supplement even though I had paid the money back (as seen in above comp dates)?
Q. I began working as a term federal law clerk on Aug. 24, 1992. I was reassigned to career law clerk status and began to be covered by FERS on Aug. 5, 1996. My service computation date continued to be listed at Aug. 24, 1992. Does this mean my nearly four years of service as a term law clerk has been computed as creditable service?
Q. I am a Customs and Border Protection officer. I was hired in August 2003. I am under the CBP officers enhanced retirement, which took effect in July 2008. According to my leave and earnings statement, it says my “Retirement 6C date” is Aug. 24, 2003, which is the date I was hired. Does this mean that my enhanced retirement benefits will be calculated from that date? I thought it would start from the July 2008 date. Can you clarify?
Q. My military buyback will be completed Aug. 2, at which time need to wait for my letter from Defense Finance and Accounting Services to provide to my B/E section to do recalculation of my service computation date for retirement. As a FERS employee per my calculation, my new retirement date would be August 2013 for 30 years of service at age 56. But I have decided to wait until the end December to retire. Should I be retiring on Dec. 31, or should it be the end of that pay period to begin getting my annuity for the following month?
Q. I am a former civil servant with six years’ civil service who bought back military service. My service computation date for leave is September 1993. Is there a different SCD for retirement? Also: If I return to civil service, can I buy back military service completed since my previous civil service and military buyback? If so, would this also adjust my SCD further? (I am an Air Force reservist who has had several activated tours, including a recent six-month deployment.)