DAA and retirement

0

Q: Earlier in my federal career I worked part time (1989-1998), but I am now on a full-time schedule. Does the National Defense Authorization Act of 2010 provision covering the calculation of annuity components apply only to employees who retire as a part-time employee or does it cover anyone who worked a part-time work schedule on or after April 7, 1986?

A: The Defense Authorization Act of 2010 only changed the way the annuities are calculated for CSRS employees with a period or periods of part-time service or FERS employees with a CSRS component in their annuities. Now they are calculated in the same way as that service has always been calculated for FERS employees.

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.

Leave A Reply