Browsing: service computation date

Q. I have been a Postal worker since 1988. I bought back my military service. My Postal RTR detail report calculates my retirement computation date as September 13, 1982, as well as my annuity computation date. My RIF comp date is the same. My Navy service began on June 9, 1981. Is there a reason why there is a year-and-3-month discrepancy? Are there conflicting calculations that I’m not aware of? 

Q. I am a federal employee of 18 years. I am considering going LWOP or possibly a break in service (returning after I had formally resigned). How does each situation affect my retirement benefits (cash per month)? Do the top three years apply to the 18 years of service or to the time of service after a return from a break in service? In other words, if I departed as a GS-14 and returned and then retired as a GS-13, would the top three years be taken off the GS-14 salary or the GS-13 salary? 

The “high-3” is an essential element in the formula used to calculate your annuity. But what does the term high-3 mean? And how do you figure out what yours is? The high-3 defined Your high-3 is the average of your highest rates of basic pay over any three consecutive years of creditable civilian service, no matter when they occur in your career, with each pay rate weighted by the length of time it was received. That three-year period starts and ends on the dates that produce the highest average pay. It starts on the first day that leads to the…

Q. I was hired at the Defense Department in October 2012, and thus I contributed .8 percent of my pay to FERS. I transferred to VA in April 2014 with no break in service and now have 3.1 percent of my pay deducted, and I am told that it is increasing to 4.4 percent of my pay, as this rate applies to new hires after January 2014. Is it correct that I should be treated as a new hire, despite in all other areas being treated as a transfer (leave carried forward, no ability to change benefits until open season)?…

Q. I’m under FERS, and my service computation date is Nov. 26, 1983. A co-worker in my organization has a SCD of Nov. 7, 1983, and is under CSRS. What is the SCD cutoff date for FERS vs. CSRS? A. As a rule, employees who were first hired before Dec. 31, 1983, are covered by CSRS. To review that requirement and other details which might affect your situation, go to www.opm.gov/retirement-services/publications-forms/csrsfers-handbook/c010.pdf. If you meet the qualifications to be covered by CSRS, you’ll need to go to your personnel office and ask them to help you process your claim under the…

Q. I work at an airport as an air traffic controller for the FAA. The airport is not very busy with commercial traffic, and I am curious what the FAA would do with me if they shut down the air traffic control tower where I work at because of inactivity. If there were a reduction in force for air traffic controllers in the FAA, would they base it on our service computation date?

Q. I am a CSRS Offset employee with almost 30 years of service. After my first period of civilian service (1981 through 1992), I was laid off during a RIF. I withdrew my CSRS deposit in 1992 and have not paid it back. Can I still get retirement credit for my civilian service prior to March 1, 1991, and receive actuarial reduction versus paying back my withdrawal plus interest?

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