Q. I am a FERS disability retiree who will have my annuity recalculated in September 2019 when I turn 62. What is the formula I have to use to calculate my regular retirement? Do I add the years I been an annuitant (14 years 10 months) plus the years (25 years 9 months) that I had when I retire? What about the sick leave that I read about that can be added to my retirement? Is this something newly added since 2004 when I retired on disability, which would give me a total of 40 years 7 months combined with my annuity years? When I retired I had to leave 1,200 hours of sick leave on the books. How is the cost of living added into this equation? I know that I qualify for the 1.1 percent calculation. The high-3 years, is that considered my working years? Or is it calculated at today present pay scale for the last pay grade I held before going on disability retirement?
A. When you reach age 62, your FERS disability benefit will be recomputed as if you had worked to age 62. Therefore, you actual service will be added to the time you spent on disability. The total time will be multiplied by 1.1 percent That figure will then be multiplied by your high-3 salary on the day you were found disabled. That dollar figure will be increased by any cost-of-living increases paid to FERS retirees since you retired on disability.