My OPM officer is saying that if I apply for retirement 6 months in advance, the application will “only sit in a folder.” Can you suggest what I should do?
Does OPM base the CSRS retirement calculation on an employee’s high-three annual BASE PAY or LOCALITY PAY when determining the annual retirement payment?
If I elect a postponed retirement to age 62, will I receive an increased annuity?
I thought the FERS special retirement supplement was terminated in the FY14 Budget – has it been reinstated?
Federal employees have some unique features to their financial lives, so financial advisors should know about them.
Does 3 years of Military Time that was “bought back”along with 17 years of civilian Federal Service count toward 20 years of creditable service making one eligible for a FERS 1.1% multiplier if that person retires after age 62?
How do you calculate your social security supplement?
Under the Federal Employee Retirement System, there is an option for a federal employee to retire at the minimum retirement age with as little as 10 years of service. This option is commonly referred to as MRA+10, but OPM has another name which is equally descriptive: reduced.
If an employee remains retired but the spouse works and makes more than 15k, does the FERS supplement drop out?
The Special Retirement Supplement (SRS) is not paid by the Social Security Administration. It is paid by the Office of Personnel Management. This article provides a simplified example of how the SRS is calculated.