Anonymous
05/01/2025 11:25
Subject: Re:federal retirement/health insurance/years of service question
Anonymous wrote:Every day, more and more progress!!!!
SEC. 90001. RAISE FERS EMPLOYEE CONTRIBUTION REQUIREMENTS. –– Raises the FERS retirement contribution rate for many existing federal civilian employees and postal employees up to the new rate of 4.4% of their salary. ($30.716 billion revenue increase for deficit reduction)
SEC. 90002. ELIMINATION OF THE FERS ANNUITY SUPPLEMENT. –– For new federal retirees, this reform eliminates the additional retirement annuity payment that those eligible to retire before the age of 62 currently receive until they reach the age of Social Security retirement eligibility benefits. Exempt from this reform are those in federal occupations subject to mandatory early separation (i.e., retirement). ($10.113 billion in savings)
SEC. 90003. HIGH-5 AVERAGE PAY FOR CALCULATING CSRS AND FERS PENSION. –– Reduces federal pension benefit spending by basing a retiree’s annuity payment on their average highest five earning years (instead of highest three). ($4.750 billion in savings)
I could be wrong, but the next time Democrats come to power, why would they not return back to the previous arrangement?
Anonymous
04/30/2025 21:22
Subject: federal retirement/health insurance/years of service question
Wait, there is someone who wants to work for Leon's cesspool? Gotta be a troll post.
But if it's not - I think you may need to buy back into the pension, if they paid out your prior contributions.
But if it's not - I think you may need to buy back into the pension, if they paid out your prior contributions.
Anonymous
04/30/2025 18:21
Subject: federal retirement/health insurance/years of service question
Last one is such a kicker. I could have returned and worked at the post office in my 80s but now if I do that I won't get the full amount bc it will average in with my much higher high 3.
Anonymous
04/30/2025 18:18
Subject: federal retirement/health insurance/years of service question
Anonymous wrote:it might change to 5 highest years and much higher amount you’ll need to kick in for pension.Anonymous wrote:You need 5 years of total service to get a (small) pension at age 62.
If you get a new federal job, you get credit for your four years of previous service. So if you work for the Feds for one more year, you'll be vested in a pension. The pension amount would be:
[Averages of 3 highest years of salary] x Years of Service x 1%
It's not a lot. In order to retire with federal healthcare, you need to reach (or exceed) your minimum retirement age and you need to have been on the FEHB healthcare plan for the 5 years prior to retiring.
Hired in 2022 and already paying this amount.
Anonymous
04/30/2025 16:44
Subject: Re:federal retirement/health insurance/years of service question
Every day, more and more progress!!!!
SEC. 90001. RAISE FERS EMPLOYEE CONTRIBUTION REQUIREMENTS. –– Raises the FERS retirement contribution rate for many existing federal civilian employees and postal employees up to the new rate of 4.4% of their salary. ($30.716 billion revenue increase for deficit reduction)
SEC. 90002. ELIMINATION OF THE FERS ANNUITY SUPPLEMENT. –– For new federal retirees, this reform eliminates the additional retirement annuity payment that those eligible to retire before the age of 62 currently receive until they reach the age of Social Security retirement eligibility benefits. Exempt from this reform are those in federal occupations subject to mandatory early separation (i.e., retirement). ($10.113 billion in savings)
SEC. 90003. HIGH-5 AVERAGE PAY FOR CALCULATING CSRS AND FERS PENSION. –– Reduces federal pension benefit spending by basing a retiree’s annuity payment on their average highest five earning years (instead of highest three). ($4.750 billion in savings)
SEC. 90001. RAISE FERS EMPLOYEE CONTRIBUTION REQUIREMENTS. –– Raises the FERS retirement contribution rate for many existing federal civilian employees and postal employees up to the new rate of 4.4% of their salary. ($30.716 billion revenue increase for deficit reduction)
SEC. 90002. ELIMINATION OF THE FERS ANNUITY SUPPLEMENT. –– For new federal retirees, this reform eliminates the additional retirement annuity payment that those eligible to retire before the age of 62 currently receive until they reach the age of Social Security retirement eligibility benefits. Exempt from this reform are those in federal occupations subject to mandatory early separation (i.e., retirement). ($10.113 billion in savings)
SEC. 90003. HIGH-5 AVERAGE PAY FOR CALCULATING CSRS AND FERS PENSION. –– Reduces federal pension benefit spending by basing a retiree’s annuity payment on their average highest five earning years (instead of highest three). ($4.750 billion in savings)
Anonymous
04/30/2025 16:18
Subject: federal retirement/health insurance/years of service question
it might change to 5 highest years and much higher amount you’ll need to kick in for pension.Anonymous wrote:You need 5 years of total service to get a (small) pension at age 62.
If you get a new federal job, you get credit for your four years of previous service. So if you work for the Feds for one more year, you'll be vested in a pension. The pension amount would be:
[Averages of 3 highest years of salary] x Years of Service x 1%
It's not a lot. In order to retire with federal healthcare, you need to reach (or exceed) your minimum retirement age and you need to have been on the FEHB healthcare plan for the 5 years prior to retiring.
Anonymous
04/29/2025 15:40
Subject: federal retirement/health insurance/years of service question
(and of course, all terms and conditions are subject to change at any point. if you can predict the future, you'd be better served to buy a winning lottery ticket)
Anonymous
04/29/2025 13:49
Subject: federal retirement/health insurance/years of service question
You need 5 years of total service to get a (small) pension at age 62.
If you get a new federal job, you get credit for your four years of previous service. So if you work for the Feds for one more year, you'll be vested in a pension. The pension amount would be:
[Average of 3 highest years of salary] x Years of Service x 1%
It's not a lot. In order to retire with federal healthcare, you need to reach (or exceed) your minimum retirement age and you need to have been on the FEHB healthcare plan for the 5 years prior to retiring.
If you get a new federal job, you get credit for your four years of previous service. So if you work for the Feds for one more year, you'll be vested in a pension. The pension amount would be:
[Average of 3 highest years of salary] x Years of Service x 1%
It's not a lot. In order to retire with federal healthcare, you need to reach (or exceed) your minimum retirement age and you need to have been on the FEHB healthcare plan for the 5 years prior to retiring.
Anonymous
04/29/2025 12:56
Subject: federal retirement/health insurance/years of service question
I am in my mid 40s and worked for the federal government for about 4 years many years ago. If I return to federal service, can I retire with a pension +/- health insurance? How many years of service would I need? Is it continuous or in total? Obviously this may not the time to return to federal service - but may be it will be in a few years. thanks for your help!