OPM calls temporary time and other time for which retirement deductions were not taken “deposit service”. Under FERS, deposit service will not count for either your eligibility to retire or in the computation of your annuity unless you make a deposit. The author provides examples of both deposit and re-deposit service to illustrate the impact they have on your pension.
I was employed in a law enforcement officer position and retired under FERS. I am collecting my annuity and the “bridge.” I have an opportunity to be hired in a non LEO, part time position in the federal government. I understand that the “bridge” will be affected by the earnings amount but will it affect my pension?
It is not uncommon for an employee to separate from federal service with an outstanding TSP loan. What happens to your loan when you retire or otherwise separate from federal service?
I am planning to retire at age 63 and waiting to withdraw my Social Security until I reach age 66. While my husband is still working, can he withdraw his Social Security at age 64? Can I apply for half of his Social Security while I am waiting to withdraw my Social Security?
The five year period leading up to a federal employee’s retirement is of critical importance to utilizing FEHB in retirement.
If I were to pass away after only being retired a couple of years, I will have only had taxes excluded on a portion of my pension. If my wife and I elected no survivor annuity, does she get the remainder without paying additional taxes on it, since it has already been taxed?
Many federal employees consider leaving their positions for various reasons. The author provides a summary of what you can expect to happen to your benefits should you leave your job before retiring.
I retired four years ago and want to keep my current health plan. Will I be forced into Medicare or can I just keep my current plan?
I applied for a full TSP withdrawal after retiring, but the TSP said I couldn’t do it because I was still employed due to a coding error by my agency. The stock market went down and my TSP balance declined while the problem was being resolved, so who takes the loss in funds due to this personnel error?
Federal employees should know what happens to their benefits if they die while still employed.
