Q. Public Law No: 106-168 permits former Federal Reserve Bank employees to receive credit in FERS if a former bank worker becomes a federal employee. This law was included in S. 335 and signed by President Clinton on 12/12/1999. Does this law also apply to federal employees who worked for two years for the U.S. Postal Service before leaving federal service to become an employee of the Federal Reserve Bank System? The federal employment took place before this law took effect. As a retiree of the Federal Reserve System having retired in 1995, am I entitled to have my Federal Reserve pension recalculated…
Browsing: Federal Reserve
Q: Does time worked at the Federal Reserve count toward time worked for the Small Business Administration? A: It only counts if you waive any right to benefits from the Federal Reserve retirement system for that prior service and make a deposit into the Civil Service Retirement and Disability Fund. Your current agency can help you work out the details and may be able to arrange the transfer of the contributions you made to the Federal Reserve retirement system into your current retirement system.