Part-time work and annuities

2

Q: I recently had my retirement pay calculated. I was a part-timer during my first three years of employment — approximately 25 hours per week.  I subsequently have had 13 years of full-time federal employment. It appears that I will incur a 10 percent penalty in my retirement pay because of those part-time years. Do you know if that will always be true no matter how long I stay as a federal employee?

A: The longer you work, the smaller the reduction in your annuity will be.

Share.

About Author

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

2 Comments

  1. I worked for a federal agency (Agency 1) as a part time student from summer 1984 – spring 1986. Worked in private industry for a few years and was later hired at another federal agency (Agency 2) as a full time worker in 1990. From 1996 – 2003 I worked part time and then back to full time until present (2019) at Agency 2. I paid a credit deposit for my 1984 – 1986 part time employment.

    Q: When it comes to calculating my FERS annuity, is it true for people who worked part time from April 1884 – April 1986, that that time period is considered full time? I read something to that effect that during a seminar but have never been able to find where that information is formally cited.

Leave A Reply