FERS, buyback computation

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Q: I am a law enforcement (6c) FERS employee who plans to retire at the end of 2012 with 25 years of Law Enforcement (6c) coverage. I also have two years and two months under regular FERS before I entered my covered LE Position and I bought back three years of military time. I know how my covered LE(6c) time will be calculated. My question is how will my two years and two months of regular FERS and my three years of bought-back military time be calculated and included in my annuity?

A: Everything above those 20 years of law enforcement-covered service will be calculated using the standard FERS formula: 0.01 x your high-3 x any years and full months of service over 20.

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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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