Retirement Portability Act

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Q: I left a Federal Reserve bank for a position in the federal government. Public Law No: 106-168 permits former Federal Reserve bank employees to receive credit in FERS if a former bank worker becomes a federal employee. Am I eligible to receive service credit for retirement in FERS for my years of service at a Federal Reserve bank? Or must my service have been with the Federal Reserve Board of Governors to qualify?

A: You would have had to be an employee of the Federal Reserve Board of Governors to qualify.

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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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