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Desert Wings                                                                                                                                                                                                                                               August 7, 2015

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Rebecca Amber                                                                   WKHDFFRXQWLVVHWXSDXWRPDWLFDOO\E\WKH                                     covered by FERS may be eligible for a                                           FXUDIWHU\RXEHFRPHHQWLWOHGWREHQH¿WV
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Staff writer                                                                                                                                                    deferred annuity at age 62 or at their mini-
                                                                                  Both Social Security and TSP can be                                                                                                                           ily maximums.
  6LQFHIHGHUDOFLYLOLDQHPSOR\-                                                                                                                          mum retirement age if they have at least
HHVKDYHSUHSDUHGIRUWKHLUQRQZRUNLQJ                                        carried over into non-federal government                                        ¿YH\HDUVRIFUHGLEOHFLYLOLDQVHUYLFHRU                                     Retirees must meet a variety of condi-
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                                                                                jobs before retirement.                                                                                                                                         tions to continue receiving Social Security
ees Retirement System. FERS, created by                                           :LWKLQ)(56WKHUHDUHIRXUW\SHVRIUH-                                      years of civilian service.                                                      EHQH¿WVDIWHUWKH\VWDUW)RULQVWDQFHHDUQ-
&RQJUHVVLVDWKUHHWLHUHGV\VWHPWKDWSUR-                                                                                                                                                                                                    LQJVWKDWH[FHHGVSHFL¿HGDPRXQWVZKLOH
YLGHVEHQH¿WVWKURXJK6RFLDO6HFXULW\D                                       tirement: disability, early, voluntary and                                        Disability retirement should be consid-                                       WKHUHWLUHHLVXQGHUDJHEHQH¿WVZLOOEH
) ( 5 6  % D V L F  % H Q H ¿ W  3 O D Q  D Q G  W K H  7 K U L I W                                                                                      H U H G  R Q O \  D I W H U  \ R X  K D Y H  S U R Y L G H G  \ R X U    UHGXFHGRUVWRSSHG
                                                                                deferred retirement. Eligibility for volun-                                     HPSOR\LQJDJHQF\ZLWKFRPSOHWHGRFX-
Savings Plan.                                                                   WDU\UHWLUHPHQWLVEDVHGRQWKHLQGLYLGXDO¶V                                                                                                                     To be vested (eligible to receive your
                                                                                                                                                                mentation of your medical condition and                                         UHWLUHPHQWEHQH¿WVIURPWKH%DVLF%HQH¿W
  Following retirement at the assigned                                          age and number of years of creditable ser-                                                                                                                      S O D Q  L I  \ R X  O H D Y H  I H G H U D O  V H U Y L F H  E H I R U H
DJH WKH HPSOR\HH ZLOO UHFHLYH DQQXLW\                                    YLFHDQGDQ\RWKHUVSHFLDOUHTXLUHPHQWV                                       your agency has exhausted all reasonable                                        UHWLULQJ\RXPXVWKDYHDWOHDVW¿YH\HDUV
SD\PHQWVHDFKPRQWKIRUWKHUHVWRIWKHLU                                      )RUH[DPSOHLIDQHPSOR\HHKDVDPLQL-                                         DWWHPSWVWRUHWDLQ\RXLQDSURGXFWLYHFD-
                                                                                PXPRI¿YH\HDUVRIVHUYLFHWKH\ZRXOG                                        SDFLW\WKURXJKDFFRPPRGDWLRQRUUHDV-                                          of creditable civilian service. Survivor and
life.                                                                                                                                                                                                                                           G L V D E L O L W \  E H Q H ¿ W V  D U H  D Y D L O D E O H  D I W H U   
                                                                                be eligible for retirement at age 62, but                                       signment.
  Contact BEST at 1-800-525-0102 for                                                                                                                              6RFLDO6HFXULW\EHQH¿WVDUHGHVLJQHGWR                                      months of civilian service.
                                                                                with 20 or more years of service, they can
any retirement questions.                                                                                                                                       FRYHUZRUNHUVDQGTXDOL¿HGEHQH¿FLDULHV                                          Creditable service generally includes:
  )HGHUDO HPSOR\HHV KDYH WKHLU RZQ                                         retire at age 60.
                                                                                  (PSOR\HHVZLWKRUPRUH\HDUVRIVHU-                                       under the Old-Age Survivors, and Dis-                                             ‡)HGHUDOFLYLOLDQVHUYLFHIRUZKLFKFRQ-
unique work history, so retirement ben-                                                                                                                         DELOLW\,QVXUDQFHSURJUDPVRIWKH6RFLDO                                       WULEXWLRQVKDYHEHHQPDGHRUGHSRVLWHG
HILWV ZLOO YDU\ EHWZHHQ HPSOR\HHV 7R                                     vice are eligible to retire at the minimum                                      6HFXULW\ $FW 7KHVH EHQHILWV UHSODFH D
OHDUQPRUHDERXW\RXU)(56EHQH¿WYLVLW                                       UHWLUHPHQWDJHZLWKDUHGXFHGDQQXLW\SD\-                                      SRUWLRQRIHDUQLQJVORVWGXHWRUHWLUHPHQW                                      ‡0LOLWDU\VHUYLFHVXEMHFWWRDGHSRVLW
KWWSVZZZRSPJRYUHWLUHPHQWVHUYLF-                                          P H Q W   7 K H  U H G X F W L R Q  L V  I L Y H  S H U F H Q W  S H U
HV                                                                            \HDUDQGZLOOEHLQSODFHIRUHDFK\HDUWKDW                                   disability, or death. FERS coverage also                                        requirement. To receive credit for mili-
                                                                                                                                                                LQFOXGHV6RFLDO6HFXULW\¶V0HGLFDUH+RV-                                        WDU\VHUYLFHJHQHUDOO\\RXPXVWGHSRVLW
  ,Q)(56IHGHUDOFLYLOLDQHPSOR\HHVSD\                                      the individual is under age 62. Annuity is                                      SLWDO,QVXUDQFHSURJUDP                                                        SHUFHQWRI\RXUPLOLWDU\EDVHSD\,QWHU-
                                                                                QRWUHGXFHGLIWKHHPSOR\HHKDVFRPSOHWHG
full Social Security taxes and a small con-                                                                                                                       7KHDPRXQWRIPRQWKO\EHQH¿WVDQHP-                                          est begins 2 years 5 months after you are
W U L E X W L R Q  W R  W K H  % D V L F  % H Q H ¿ W  3 O D Q   7 K H  at least 30 years of service or at least 20                                     S O R \ H H  U H F H L Y H V  I U R P  6 R F L D O  6 H F X U L W \  L V  KLUHG:LWKFHUWDLQH[FHSWLRQV\RXFDQQRW
H P S O R \ H H ¶ V  D J H Q F \  Z L O O  Z L W K K R O G  W K R V H                                                                                      EDVHGSULPDULO\RQWKUHHIDFWRUV
PRQLHVDVSD\UROOGHGXFWLRQV                                                   years of service and annuity begins at age                                                                                                                      receive credit for military service if you
                                                                                                                                                                  ‡ $YHUDJH HDUQLQJV XSRQ ZKLFK \RX                                       DUHUHFHLYLQJPLOLWDU\UHWLUHGSD\$OVR
  The agency also contributes an amount                                         60. Minimum Retirement Age varies ac-                                           KDYH SDLG 6RFLDO 6HFXULW\ WD[HV ZKLFK
HTXDOWRRIDQHPSOR\HH¶VEDVLFSD\                                         FRUGLQJWRWKHHPSOR\HH¶VELUWK\HDU                                                                                                                           see the note that follows on credit for Na-
HDFKSD\SHULRGLQWRWKH763DFFRXQW7KH                                                                                                                      are adjusted over the years for changes in
HPSOR\HHPD\DOVRFKRRVHWRPDNHWD[GH-                                          ,IWKHHPSOR\HHFKRRVHVWRSRVWSRQHWKH                                                                                                                      tional Guard service.
IHUUHGFRQWULEXWLRQVWRWKH763DSRUWLRQ                                     VWDUWGDWHRIWKHLUDQQXLW\SD\PHQWVWKH                                      average earnings of the American work                                             ‡/HDYHVRIDEVHQFHIRUSHUIRUPLQJPLOL-

of which is matched by the government.                                          age reduction will be reduced or elimi-                                         force.                                                                          WDU\VHUYLFHRUZKLOHUHFHLYLQJZRUNHUV¶
                                                                                QDWHG3RVWSRQLQJDQQXLW\SD\PHQWVPD\                                           ‡ )DPLO\ FRPSRVLWLRQ IRU H[DPSOH                                       FRPSHQVDWLRQ
The TSP is administered by the Federal
                                                                                affect life insurance, health insurance and                                     ZKHWKHU\RXKDYHDVSRXVHRUGHSHQGHQW                                                                     See RETIRE, Page 8
Retirement Thrift Investment Board and                                          ORQJWHUPFDUHLQVXUDQFHSROLFLHVDVZHOO                                      FKLOGZKRPD\EHHOLJLEOHIRUEHQH¿WV

                                                                                as cost of living allowances and survivor                                         ‡&RQVXPHU3ULFH,QGH[FKDQJHVWKDWRF-
                                                                                EHQH¿WV

                                                                                  )RUPHU IHGHUDO HPSOR\HHV ZKR ZHUH

                                                                                                                                                                                                                                                Cocktails

            Now available on                                                                                                                                                                         Finest Mexican &
                                                                                                                                                                                                    Seafood Restaurant
          in a digital format!
                                                                                                                                                                Margarita Monday
                                   6 ‹	
                                   6 €‹€                                                                                                      Regular – $4
                                   6 †Ž

                                                                                                                                                                Mango, Strawberry & Raspberry – $5
                               Check it out!
                            ‰
$7
$                                                                                                                                                     Taco Tuesday


2                                                                                                                                                                                    $1 Street Tacos (Soft Shell)
‚”	
                                                                                                                                                                                                               Carne Asada, Carnitas, Beef,
                                                                                                                                                                                                                    Chicken, Al Pastor

                                                                                                                                                                    Thirsty Thursday

                                                                                                                                                                    Domestic Beer $3.00
                                                                                                                                                                        Imported $3.50

                                                                                                                                                                                All Specials Start at 2:00 pm

                                                                                                                                                                                    Come Join Us!
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$"

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