Browsing: FERS

Q. I am currently a retired veteran receiving both retirement and disability concurrently. I just recently became a federal employee. When I finish 20 years as a federal employee, will I be able to collect FERS, retirement, disability and my TSP?

Q. I’m going to retire in six months, and I qualify for the special supplement. I understand that that supplement is subject to the Social Security earnings test but that my FERS retirement annuity is not counted toward that test. Is my thrift savings annuity and/or withdrawal subject to the Social Security earnings test? In other words, will my special supplement be lowered if my thrift savings annuity/payments go over the maximum allowed earned income (about $16,000)?

Q. I am 53 years old and reached 30 years of government service earlier this month. I work for the Environmental Protection Agency and am preparing for the possibility of being offered VERA/VSIP. I am trying to determine if it is possible to make a partial withdrawal from my TSP under VERA. My thinking is that a partial withdrawal would enable me to, at a minimum, have funding to bridge me to the start of receiving the FERS supplement at my minimum retirement age of 56. The only thing that I’ve been able to find is that I have the option…

Q. Will I continue to receive my supplement from the Office of Personnel Management until I reach 66½, at which time I would file for full Social Security benefit, rather than 62? Or does it stop automatically at 62? I want to hold off applying. I transferred from CSRS to FERS midway through my career and fall under WEP.

Q. I retired last April 2016 as a FERS U.S. Postal Service employee with 32 years at 56 (my minimum retirement age) years old with the special retirement supplement. Am I subject to the Social Security earnings limit of $16,920 in 2017 until age 62? I will not be working through full retirement age (66) for Social Security purposes. Will my Social Security benefit become less than what it is projected to be now since I am not putting money into Social Security? If a start monthly TSP payments, should I elect fewer than or more than 10 years? I realize there is…

Q. I am a FERS employee who will reach 70½ in November 2017. I have not separated from federal service and do not intend to do so for a couple of years. Will I have to make catch-up required minimum distributions for the years I worked past 70½. For example, if I retired at age 73, would I be required to consolidate and withdraw three RMDs the year after I retire to make up for the previously deferred RMDs?

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