Browsing: credit

Q: I heard you could receive FERS retirement credit for the two-week annual training sessions of reserve duty. If so, what records are needed, and where can former reservists obtain them? A: You already received credit for that time. 5 U.S.C. 6323 (a) provides 15 days per fiscal year for active duty, active duty training and inactive duty training. You can’t get credit for it twice.

Q: When a federal employee retires and has “Credit Hours Earned” (CD) that have not been used on the books, will they be paid in the same manner as for unused annual leave? A: You would receive a lump-sum payment for a maximum of 24 unused credit hours at your current rate of basic pay.

Q: I am getting ready to transition out of the army and I am doing some research on different careers. To make up for the time I need to transfer my GI benefits I plan on going into the Guard or reserves. Can I work as a DoD firefighter and be in the National Guard or reserves at the same time? A: Yes, you can.

Q: I have heard that if you work for 10 years in the legislative branch, then all your time in the executive branch converts to legislative branch time, for the sake of the multipliers under the CSRS retirement. Is this true? I am a FERS employee in the legislative branch with 10+ years of executive branch service. If the above is true, is it also applicable to FERS employees? A: CSRS legislative branch employees contribute an additional 1 percent to the retirement system. If they have five years of legislative branch service under their belts when they retire, their annuity…

Q: You answered a question with the following: “A: According to OPM, you only need to complete your 80-hour work week to get credit for any annual and sick leave earned during that pay period.” I cannot find this clarification at the OPM website. The “popular” opinion amongst co-workers is that you must be employed for the entire pay/leave period if you have a standard Monday-Friday work week in order to receive annual leave credit for that period. Specifically, if I retire on Dec. 31, 2010, with 80 hours worked, will I receive credit for pay period 26, or must…

Q: I served 12 years of Army active duty, from October 1987 to July 1999. If I were to obtain a GS 13 position, would my 12 years go toward a government retirement plan? How many years would I need to continue to work at the GS position until I would be able to retire with 20 years? A: That period of active-duty military service would only be creditable if you were to make a deposit to the civilian retirement system. That deposit would be 3 percent of your basic pay while on active duty (not including allowances or differentials).…

Q: I withdrew my CSRS retirement in 1993 and then started back in the government in 1999 and was hired as a CSRS offset employee. My service comp date is October 1981. I also have years of service from 1977 to 1981 and then came back in 1982 and worked until 1993. I resigned in 1993 and went back into government from 1994 to 1995 and then resigned again. I then came back in the government in 1999 and I am still working. I am a CSRS Offset who unfortunately withdrew my retirement when I left in 1993. I asked…

Q: Can you tell me how many years I have of Creditable Service? I am a FERS employee. I have also paid back about eight years of active duty Air Force. A: Write down the amount of time you have worked under FERS. Then write down the amount of active duty service for which you made a deposit. Add the two figures together and you’ll have the total amount of your creditable service.

Q: What would happen if someone wants to retire on Aug. 31, 2010 (service date), but his sick leave will give him three months’ credit. Can he retire three months early with the same annuity? A: No. Unused sick leave never qualifies anyone to retire. It’s only credited after you meet the age and service requirements to retire.

Q: I retired back in February on an early out. Will we receive the incentive eventually that the union is fighting for all employees to receive? Plus, will we receive something for our unused sick leave? A: I have no idea what incentive your union is fighting for; however, if they get it, it’s unlikely that it would apply to those who have already retired. The same goes for the unused sick leave credit for Federal Employees Retirement System employees. That credit is only available to those who retire after the effective date, and only half credit at that, until…

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