Q: Regarding your answer concerning retirement and locality pay: I will retire under the Federal Employees Retirement System with 30 years in February 2012. Does locality pay count as part of your high-3? A: Yes, it does.
Browsing: locality pay
Q: I am covered by the Civil Service Retirement System with 41 years of service. I was all set to retire this year when they finally phased in the locality pay. There is a clause for those retiring between January 2010 and December 2012 that says we can have the locality pay included in our base pay for annuity purposes. It is my understanding that I would have to work the full three years and then pay the additional CSRS withholding for my high-3 to have locality pay included all three years. What if I want to retire at the…
Q: Now that the Defense Authorization Bill has been passed stating that federal employees overseas will be paid “Locality Pay” as opposed to a Cost of Living Allowance, when will we begin to receive the locality pay? A: Under Public Law 111-84, in calendar year 2010, affected employees will receive one-third of the locality rate paid in the “rest of the U.S.” locality; in 2011, two-thirds of the otherwise applicable comparability payment for each nonforeign area; and in 2012 and after, the full amount of the otherwise applicable comparability payment. Since the 2010 locality rate has not yet been announced…