Annuity calculation
Q. I have been working with the federal government for eight years. I am vested in a retirement program. I earn $69,000 a year. How much will my retirement income be after I retire? A. FERS employees...
View ArticleService computation date and break in service
Q. I worked as a GS clinical nurse from Sept. 12, 1999, to Sept. 24, 2005 — a total of six years. On May 10, 2010, I returned to federal service as a GS clinical nurse. My service computation date was...
View ArticleFERS annuity calculation
Q. To calculate a FERS annuity supplement, do you use the Social Security estimate for age 62, or your full retirement age estimate? A. Age 62.
View ArticleAnnuity calculation for part-time work
Q. I was hired in 1985 as rural carrier relief, then converted to rural carrier associate. I became full time in January 1995. I was allowed to buy back time for 1985-89. Do I receive full credit for...
View ArticleGross or net?
Q. I am in FERS with 18 years of federal service. Will my FERS pension be calculated on base pay (gross) or net pay after TSP contributions? A. It will be calculated on basic pay. To see what’s...
View ArticleCSRS Offset
Q. I retired after 31 years of government service at age 62. Prior to retirement, I applied for Social Security and was granted, allowing me to receive my benefits. I should add that I was under CSRS....
View ArticleWant to retire this year
Q. Current age: 56 Entered U.S. Navy active duty: May 1978 Active-duty military time: 11 years, four months Retired reservist after 26 years as an O-5 Entered civil service: November 1997 Current...
View ArticleSpecial retirement supplement calculation for firefighter
Q. I have 27+ years as a federal firefighter (72-hour weekly shifts) and planning retirement Nov. 30 (at age 54). My date of hire was July 1985, which gives me 27 years and four months. For calculating...
View ArticleCSRS Offset annuity calculation
Q. My retirement plan is CSRS Offset. I will have 32 years of civil service time in December. I have been a GS-6, Step 10 for the past seven years. Before that, I was a GS-7, Step 9, and before that, I...
View ArticleDeferred annuities
Q. If I were to have 20 years of creditable FERS service at age 50; then resign and wait until age 62 to claim the FERS annuity, which formula would be used to calculate my annuity: the standard one...
View ArticleSocial Security disability and annuity calculation
Q. I retired in December 2011 from the Bureau of Prisons, after almost 22 years. I did the normal retirement as a law enforcement officer. I am planning to apply for Social Security disability. If I...
View ArticlePostal Service resignation
Q. I am about to resign from the Postal Service as a carrier after 21 years. At my minimum retirement age of 56 years and six months, can I draw my retirement without penalty? Can I draw it early with...
View ArticleAnnuity calculation
Q. I began federal employment at age 55. I hope to reach age 70 with 15 years of service. My goal is to add federal retirement with Social Security for maximum retirement. Could I potentially earn...
View ArticleHigh-3 calculation
Q. I am a Postal Service level 21 employee, and will retire with about 41 years and 11 months in early 2013 with my high-3 close to my frozen level 21 value. When I retire, I will have been detailed to...
View ArticleVERA and annuity calculation
Q. I am 54 and have 28½ years in with the Postal Service. My first official retirement date is July 9, 2014. However, I am being told that if I retire now with the Voluntary Early Retirement Authority,...
View ArticleAnnuity calculation
Q. How many years of federal service does one have to work before retiring and receiving the exact amount of pay they are getting while working? Someone said you had to work until 35 years of service...
View ArticleLeave without pay and high-3
Q. When doing an online search about leave without pay during the high-3 years for annuity calculation, I found the FedExperts response from Nov. 30, 2012. It stated that less than six months LWOP per...
View ArticleAnnuity calculation for Postal Service VERA
Q. I work for the Postal Service. I have 34 years and five months under CSRS. I will be 55 in October. If I What percentage would I receive, retiring with the Voluntary Early Retirement Authority? A....
View ArticleSick leave and annuity computation
Q. I plan on retiring June 28. I have a service computation date of Sept. 14, 1978. I will have 795 hours of sick leave. Are my calculations correct that I will have 35 years and two months for...
View ArticlePostponed annuity and end of leave year
Q. I will be retiring this year from FERS under MRA +10. I plan to select an immediate annuity postponed for payment to start Dec. 12, 2014, when I turn 62. I want to have my sick leave used to...
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