Confusion About FERS Lump Sum Payout
I am under FERS, and I did just submit a non-spousal beneficiary form to HR for my pension. If there is no lump sum payout, then what would the beneficiary form be for?
Q&A
Q&A from FedSmith authors addressing readers’ questions. We share them here to help you with your federal career or retirement planning.
Will I Forfeit My Pension If I Accept a Job with USPS?
I am a retired air traffic controller with the FAA after 25 yrs of service. Will I forfeit my pension from the FAA if I accept a job with the USPS?
Do ‘Unpaid Entries’ Change My Service Computation Date for Retirement?
I recently received a “Certified Summary of Federal Service” and noticed that there were several entries annotated with “FICA Only — Deposit Not Paid” and my SCD is a later date than I have had for the last 25 years or so. Did those unpaid entries change my SCD for retirement?
Social Security Taxes on Vacation Payout
If I retire near the end of the year, is my vacation payout going to be subject to Social Security tax if I have already reached the upper limit for payments under FERS?
What’s the Rationale Behind the Best Dates to Retire in 2014?
Could you explain the rationale for the best dates to retire? For example why is Dec 28 better than Dec 31 for 2014?
How is My FEHB Premium Paid Until I Start Receiving My Pension?
I’m retiring at the end of the year. How is my FEHB premium paid until I start receiving my monthly pension?
CSRS Offset
How does the CSRS offset retirement situation work?
Adding Federal Service to State Retirement System
Can a former federal employee add federal service time to a state employment system?
How Much Will My Pension Be Cut When I Apply for Social Security?
I’m a retired CSRS federal employee who took an early out option in 1999. Do you know how much my pension will be cut when I must apply for Social Security?
Contributing to an IRA Outside of the TSP
Under what circumstances can you contribute to a Roth IRA outside of the TSP?
