Term employment and FERS retirement

0

Q. I have three years and four months time in civil service and under FERS. I will be 62 when I hit five years under FERS and eligible for pension. If I take a three-year term position at this time, will this count to make my five-year vesting, and will I be able to retire under the FERS plan the same as if I worked three more years in my current position? I have bought back my military time, which is an additional four years.

A. Yes, if you accept a term appointment where retirement deductions are taken from your pay.

Share.

About Author

Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

Leave A Reply