FERS Annuity Computation

Computing Creditable Service | Components of Basic Annuity | Computing Length of Service Periods | Employees with a FERS Annuity Component | Sample of Annuity Computation

EMPLOYEES WITH A FERS ANNUITY COMPONENT

Individuals who elect to transfer from CSRS coverage to FERS coverage after completing 5 or more years of creditable civilian service as of the effective date of the transfer (excluding service covered by both CSRS and Social Security deductions) will have a CSRS annuity component.

The CSRS rules for creditability of service, calculation of length of service, average salary, reduction for unpaid CSRS deposit(s) and redeposit(s), and voluntary contributions annuity apply to the CSRS component of a FERS benefit.

NOTE: In computing the FERS component, law enforcement or firefighter service performed before the transfer to FERS does not count toward the 20-year limit on the 1.7% part of the formula. For example, an individual who transfers to FERS after completing 13 years of law enforcement or firefighter service can still accrue up to 20 years under FERS at the 1.7% rate.

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Revised 05/03/2002

 

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