Q. I’ve read in your recent column “Laid-off workers should….” about annuities. I’m 65 years old and 22 years of service in federal government under FERS systems. In your write-up, you say, “The FERS annuity is 1 percent of your high three, multiplied by your years and full months of service.” Can you clarify full months of service?
A. For annuity calculation purposes, a month is considered to be 30 days long. Any days or hours that don’t add up to a full month are dropped. To see how that works, go to http://opm.gov/pubs/handbook/C050.pdf and scroll down to Section 50A2.1-2B.