Q. I got hired by the Postal Service on July 6, 1985. I’m not sure what retirement system I was with then. On Jan. 1, 1987, I was automatically transferred into FERS. I was hired by the FAA and started work there Oct. 3, 1988. I resigned from the USPS on Oct. 2, 1988, so I wouldn’t have a break in service. My service computation date for retirement shows Oct. 3, 1988. How come my SCD for retirement isn’t July 6, 1985? I’m still employed with the FAA. I always thought my total federal government time would be from the…
Browsing: retirement deposit
Q: I was employed as a stenographer/secretary at the FBI in New York City from February, 1967, through May, 1971, resigning to start a family. At the present time, I am a six year, seven month employee of the Township of Andover, in Newton, N.J., a municipality of the State of New Jersey. Is there a possibility that I could buy back my FBI employment time, to add to my New Jersey pension time? If you cannot provide an answer, would you direct me to the proper contact to find out this info? A: First, a redeposit of retirement contributions can only be made…
Q: I need clarification of a fine point about calculating the amount of a service credit deposit for a four-month period of temporary service back in 1979 when no retirement deductions were withheld. I know that I would have to pay 1.3 percent of basic pay plus interest. My question relates to the definition of “basic pay.” Would basic pay be the pay I earned during the four months I was a temporary employee ($2,300), or would it be the annual pay rate for a person working at my grade in 1979 ($8,366)? A: The deposit would be 1.3 percent…