Calculating FERS retirement

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Q: I have 12 years of legislative work experience working for Congress and 10 years of administration work experience, and I’m in the Federal Employees Retirement System. For the FERS retirement formula, is it high-3 X 1.7% X 12, and then high-3 X 1% X 10? Are my 12 years of legislative experience treated with a different rate multiplier than administrative years?

A: Yes, your time as a Hill staffer will be computed using the 0.017 multiplier; all additional years of service will be multiplied by 0.01.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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