Q. Am I right that the only way to have the 1.1 multiplier used in the computation of my FERS annuity is if I retire at 62 with at least 20 years of creditable service?
A. Yes.
FERS annuity computation
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Reg Jones
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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If your on disability Fers retirement at age 62 with more than 25 years do they use the 1.1 to calculate as well when they do your new annuity calculation?
Yes.