Q. I am a legacy U.S. Customs officer. When we switched over to law enforcement officer status, we were told we would be grandfathered in and therefore our retirement computation would go like this: high-3 x 10 years x 1 percent plus high-3 x 6 years x 1.7 percent. Is that true? Someone said I would have to work 20 years in a law enforcement position to get the enhanced 1.7 percent computation. I thought that was for those hired under the 1.7 percent enhanced retirement.
A. When you retire, the amount of your annuity will be a combination of the two types of coverage. Service before July 6, 2008, will be computed using the standard formula. Service on or after that date will use the enhanced formula for law enforcement officers.
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Q. I am a legacy U.S. Customs officer. When we switched over to law enforcement officer status, we were told we would be grandfathered in and therefore our retirement computation would go like this: high-3 x 10 years x 1 percent plus high-3 x 6 years x 1.7 percent. Is that true? Someone said I would have to work 20 years in a law enforcement position to get the enhanced 1.7 percent computation. I thought that was for those hired under the 1.7 percent enhanced retirement.
A. When you retire, the amount of your annuity will be a combination of the two types of coverage. Service before July 6, 2008, will be computed using the standard formula. Service on or after that date will use the enhanced formula for law enforcement officers.
This was an old post I just saw (above) . It would stand to reason that a CBP Officer who had 17 before July 06th 2008 and 8 years after will receive 1.7% for the last 8 years even if he/she leaves service after MRA with 25 years and postpones until age 60. Do you agree with this deduction?