Service computation date

0

Q. I have worked for the Defense Department since December 2008 under FERS. I was medically retired with 15 years and seven months of service from October 1984 to June 2000. I’ve bought back all of my service time. What should be changed with my service computation date? How does this affect my leave accrual time?

A. Your service computation date should be the same for leave accrual and retirement and be based on your total service (actual and service for which you made a deposit). Please be aware that when you retire, you’ll have to waive your military retired pay to get credit for that service in determining your eligibility to retire and have it used in the computation of your annuity.

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