Ask The Experts: Retirement

By Reg Jones

Resign now, risk suspension, or retire in September?

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Q. I am 61 and will be 62 in September. I would like to retire at age 62. I have eight years of federal civilian service and bought back three years and eight months of military service. I know I cannot retire until I am 62. Due to a current civil legal action that I have, I would like to resign my position within the next 30 to 60 days. This would mean a deferred annuity with a retirement date of Sept. 30. My boss is looking to suspend me from duty without pay due to this situation pending the final results of my civil action. What will I be losing by resigning and not waiting until my retirement date, even if I am suspended from duty without pay? Should I just stay on suspension and submit for retirement for the end of September?

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Medicare Part B, Tricare for Life and FEHB

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Q. I will be turning 65 next month. I have Federal Employees Health Benefits coverage. I just enrolled for Medicare Part B. I am a retired reservist. I intend to enroll in Tricare for Life. DEERS requires that I disenroll from FEHB to enroll in Tricare for Life when I start Part B coverage My HR person has no idea whether I can drop my FEHB. Where can I get definitive information on this issue (disenrolling from FEHB at 65) to show HR?

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Annual and sick leave at retirement

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Q. I turned 55 in April and have more than 33 years in CSRS. I have 3,069 hours of accumulated sick leave, and 304 hours of annual leave in my current year balance, 164 restored annual leave with a term date of January 2014, and 444 hours of restored annual leave with a term date of January 2015. To get credit for my sick leave, I need to retire with total service and sick leave equaling a multiple of 174 hours? And, I’ll get a lump-sum payout from my annual leave of 912 hours at my current hourly rate?

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RIF and special retirement supplement

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Q. I am 57, have worked for the Postal Service for 26 years, qualified for minimum retirement age last July. What circumstances for retirement would entitle me to the special retirement supplement to be paid until I am age 62? In September 2014, my office hours will be reduced to six per day and my wages will be cut. Will I be offered a reduction in force so I can retire with a supplement at that time? Or will I just have to take a cut in pay and a cut in hours and not be considered a postmaster anymore?

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Incentive offered on retirement date

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Q. I retired on Oct. 1, 2012; a special incentive was offered the same day. The Office of Personnel Management said I would be eligible to take the incentive. I received a letter from HRSSC in November 2012 saying I was approved for incentive. How do I find out if I get a check this month?

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Restored annual leave

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Q. I want to retire in September and have restored annual leave which must be used before January 2014. Will I be paid for restored leave if I have not used it by my retirement date in September?

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Military furlough and high-3

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Q. I am a federal technician in the Air National Guard. I am in my last year of work as a GS-12, step 10. This will be my highest paid full year when it is complete. If I go on three months of orders and take a military furlough, will this still be counted as my highest tenured year according to the pay chart? Or is it actually on monies earned that counts toward my high-3?

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Retiring in the middle of the month

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Q. I am in CSRS. I want to retire Jan. 11, 2014, as I will be on a mission trip out of the country from Christmas until Jan. 9, 2014, and I would like to get paid for my unused annual leave for 2012. I understand that I will not receive a retirement check for that month since it is past the third day of the month. I have had Federal Employees Health Benefits coverage since Jan. 12, 2009. Does that qualify as five years of health coverage? What will happen to my health coverage for the rest of January as I won’t receive a check for that month?

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Applying for Medicare Part B at a later date with no penalty?

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Q. I’ve been retired from for a year and soon will be 65. I have to keep medical for my wife, so if I keep a family plan under Federal Employees Health Benefits, do I need to pay for Medicare Part B? If not, can I apply for it in the future without a penalty after my wife turns 65?

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Substantial earnings

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Q. What is the definition of substantial earnings for purposes of the 30-year contribution requirement to eliminate any windfall elimination provision setoff?

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Retirement application

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Q. I am in CSRS. I plan to retire this summer with more than 37 years of service. I have heard conflicting comments about the correct time frame to submit retirement application. My HR expert said “the Office of Personnel Management will not accept paperwork prior to 30 days before retirement.” Is this true?

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Creditable service

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Q. I work as a staff physician for the Veterans Affairs Department. I previously completed my four-year residency at a university that required extensive time working at the local Veterans Affairs Medical Center. Do those four years count as government service toward my retirement?

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Donated leave

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Q. I would like to know if “donated leave” to a co-worker under the donated leave program will be added back to my time in service to calculate my retirement benefit under FERS. I was told that it would, but I have done exhaustive searches and can’t find it.

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Early retirement?

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Q. I was just notified that my commander would like to meet to offer me early retirement. I am 51 years old but only have 12 years civil service. I retired from active duty with 20 years before that and am collecting my retirement. My position was eliminated over a year ago and I am thinking this is why it’s being offered. Any advice?

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90 days’ notice to Social Security?

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Q. How much notice do I have to give Social Security before I apply? I will be 62 in June. Do I have to give them 90 days’ notice? I plan on retiring in October.

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Unused sick leave

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Q. I am a federal employee planning to retire at the end of June, when I will have worked 39 years and one month. I have accrued 262 hours of sick leave and was told my sick leave would be attached to my retirement in increments of one month. I was also told that one month was valued at 22 days or 176 hours. If this is so, by my calculations, I would have 86 hours available to use at this point if I planned to carry 176 hours for additional retirement benefit. Of course, I will continue to accrue sick leave during these next two months while I am working. I just want to know how my sick leave is accounted for when it is added to my retirement. I want to make sure I don’t come up short of the month I have planned to add on.

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VERA

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Q. I am nearly 48 with 23 years of service. If I were to accept a Voluntary Early Retirement Authority, if one were offered when I turned 50, other than not receiving the special retirement supplement until I reach my minimum retirement age, what benefit is there if I wait until I am 56 with 30 years of service as opposed to 50 and 25?

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Retirement date

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Q. I will have 25 years of federal service at 66 years of age on Jan. 19, 2014. Would it be better to retire on Jan. 31, 2014, if the sole consideration is reducing the wait for being entered on the annuity roll? My understanding that I would be placed on the roll on Feb. 1, 2014. Is this correct?

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Retirement eligibility

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Q. I am a CSRS employee who entered Veterans Affairs Department service Dec. 18, 1981, and have been employed there continuously. When am I eligible to retire? I will be 55 in January 2014.

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FEHB coverage for disabled adult child

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Q. My disabled adult child is covered under my Federal Employees Health Benefits. How can I ensure that she will remain covered by FEHB after I pass on?

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