By Reg Jones
FERS formula trumps law enforcement system
January 16th, 2012 | Creditable service: FERS FERS annuity computation Uncategorized
Q. I’m 52 years old. I bought back my active-duty time while I was working at a federal prison. This gave me 15 years with the federal prison. I am now working in a non-law enforcement job at the Veterans Administration and have five years with the VA system, which gives me 20 years’ service in total. I know that I will retire with 20 years in the Federal Employees Retirement System, but my question is, will I get the credit for the law enforcement retirement, which is at 56, or the regular FERS retirement at age 60?
A. The earliest you could retire on an immediate, unreduced annuity is age 62. When you do retire, your annuity will be computed using the standard FERS formula. Only law enforcement officers with at least 20 years of covered service have their annuities computed using the more generous formula.
Comments
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Louis Green Says:
August 7th, 2012 at 3:55 amThe above does not seem accurate. I know as a CBP officer many here are blended we started with FERS but now have law enforcement enhanced coverage which is the same as what use to be called 6 C.
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Louis Green Says:
August 7th, 2012 at 3:57 amI should have included that my understanding is that if you have 10 years Fers and 10 years of enhanced LEO coverage as an example. You will be paid on both !