Browsing: standard formula

Q. I am a 48-year-old 1811 with 22 years of service as a special agent. Do I have any retirement options other than serving another two years with the FBI or in another agency as an 1811? If in the next year, I obtain a non-1811 or non-law-enforcement Senior Executive Service position with another agency, how will that affect my retirement? A. Since you have at least 20 years of covered service, you could take any other job and be able to retire when you reach your minimum retirement age, which would be 56. Those 20 years would be calculated…

Q: I am currently in a law enforcement position, as a Federal Employees Retirement System employee, and I am covered under the special group of employees Firefighters, Law Enforcement Officers, and Air Traffic Controllers retirement. I am considering, after 10 years of service, a lateral transfer to a GS-13 position, with the Defense Department (non-law enforcement) with more potential for promotion and a significant decrease on my commute. Since I paid an increase of .5 percent to FERS for 10-plus years, why doesn’t the 1.7 percent transfer in government to government services? A: Under the law, only those special category…