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FERS Sick Leave Conversion
The National Defense Authorization Act (HR 2647) was signed by the President
that now allows FERS employees similar sickleave benefits as CSRS employees.
However, the credit is phased in with a 50 percent credit for those who retire
now and full conversion after January 1, 2014. Go to our
Sickleave section for complete details and a
conversion calculator. More to come.
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CSRS & FERS Civil
Service Retirees
Are Eligible to Collect Social Security
Under Certain Circumstances
Explore hobbies and interests through
online courses,
complete a degree
or earn extra retirement income through an
online
certificate program.
FERS retirees receive Social Security benefits, CSRS employees may
receive benefits if they worked 40 quarters, 10 years, and their benefit is
adjusted by the Windfall Elimination Provision (WEP).
Social Security Menu
Retirees who worked 40 quarters, 10 years, under social security are eligible
for benefits as early as age 62, but benefits are permanently reduced for each
month of entitlement prior to the full-benefit retirement age, currently age 65.
The age at which unreduced benefits are payable will be increased gradually from
age 65 to 67 over a 21-year period beginning with individuals who reach age 62
in the year 2000. (The age of eligibility for Medicare is not affected by these
changes.)
Federal CSRS retirees are subject to the Windfall
Elimination Provision (WEP) that reduces Social Security benefits for those
with less than 30 years of substantial coverage and who earned a retirement
benefit from employment not covered by Social Security - your CSRS service for
example. If you are subject to WEP, your earned Social Security benefits will be
calculated using a modified formula. The modified formula IS NOT used in
computing survivor benefits upon your death. Generally speaking, a CSRS
retiree's social security will be reduced. The current maximum reduction is
approximately $325.
CSRS retirees with active military time that are eligible to collect Social
Security at age 62, will see their CSRS annuity decrease unless you
buy back your military time. If you served 4 years military service and
didn't buy back your military time, your federal CSRS annuity will decrease by
approximately 8%., 2% for each year of military service. If you pay your
military time back your annuity will not decrease and you will also collect a
Social Security check.
Resources:
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