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Return to Article: New Calculations

• 92515
  

  Teh article explains very well the impact on the retirement calculation. However, it doesn't describe the impact on accruing sick and annual leaves. If I work 64 hours a pay period, do I earn 80% (64 hours/80 hours)of what I now earn for annual and sick leaves?

  Michael Ditkoff Posted November 20, 2009 2:21 PM
• 91916
  

  I don't want to comment on this story but had a question I am hoping you can answer. I worked for Recreational Services (then Morale Welfare Recreation) from 1976 to 1980. It was non appropriated funds. I started work for civil service in 1985 and am still presently working. I was wondering if there was some way that I could count that time towards my civil service time?

  Rita Wilkinson Posted November 12, 2009 2:20 PM
• 91545
  

  Would you please address FERS employees who joined the government late and will retire with 11-19 years of service?

  Dorothy Shannon Posted November 9, 2009 9:37 AM
• 91541
  

  I retired Feb 2007 under VERA/VSIP. I have to wait five years before returning. I now work for a govt contractor. My question is, Do you think there will be a choice when returning to the Federal govt of coming back with the salary offset. After reading this article it doesn't seem like there will be a choice. Also from what I read, you can only come back on temporary appointments. Is this correct?

  P. Copeland Posted November 9, 2009 9:30 AM
• 91454
  

  I agree with Jackie Cunningham's comment. It was very well-stated.

  A. Reece Posted November 6, 2009 4:15 PM
• 91435
  

  Tammy,

  What about those of us who have worked full time as CSRS and want to work part-time at the end of our careers? How is that calculated? E.g. do we get the same retirement if we work full or part time those last three years?

  LongTime Fed Posted November 6, 2009 12:55 PM
• 91430
  

  Tammy,

  Do you have any information on the FERS buy back option and if so could you expound upon that?

  Thank-you

  Burt Potter Posted November 6, 2009 12:21 PM
• 91425
  

  I have a question regarding "high -3" computation. Which amount do I use to compute my high 3? I looked at my W-2 for the last two years and saw several numbers such as; wages, tips and othe compensation, social security wages, state wages, etc.

  Please let me know.

  Thanks.

  Bill Sabalburo Posted November 6, 2009 12:02 PM
• 91417
  

  If you're eligible to retire, this states "I'm not sure if continuing to work part time makes a lot of sense."

  High three average will go up the longer one is paid at their highest rate, almost always the last years. If one doesn't retire the beginning of January, then part time will extend their time at a higher salary and mean their high three goes up, their length of service is longer too, AND their retirement pension will end up being higher because of both.

  There are other reasons than taking home as much money as possible the last years of a career. More time for families, less stress as one phases out of a career, having more time to do other things, and just to phase into retirement.

  If it all comes down to just making money, then having a government job in the first place was probably not the best choice. But there are many more reasons than mentioned above to work part time before retirement including benefits for the government organization as well.

  Old Federal Posted November 6, 2009 11:08 AM
• 91414
  

  To DCFed, part-time employees are eligible to make TSP contributions the same as full time employees.

  To S.Berry... good catch... you are right, the word should be "after" not "before!" Thanks!

  Tammy Flanagan Posted November 6, 2009 10:45 AM
• 91413
  

  And what would make me happier than anything would be for the PT law that went into effect in 1986 to be repealed totally. There were family considerations that existed for me back in the 80s/90s and I chose to be part time for those reasons. Now what appears unfair to me is that the change permits feds at the end of their career w/out penalty to work part time in order to ease the pain of the mass exodus of federal employees.

  Jackie Cunningham Posted November 6, 2009 10:45 AM
• 91405
  

  DCFed asked about contributing to TSP after going part time. When I worked part time, I contributed to TSP. S. Berry asked about wording "AFTER." I thought the same thing. Thank you very much for providing computations under the new law as it applies to part-time retirement with comparison to the prior law. This was very helpful to me.

  A. Reece Posted November 6, 2009 10:12 AM
• 91401
  

  I retired from MAMPSC on 06/01/07 Disability Review Section as a GS-7 after 30 years. After being retired 6 months and missing my job I tried to go back but the benefits person said I could not come back because of adverse effects. My question is do you think I can go back now with this program or can I go to IRS as a Seasonal employee? Thanks You

  Diane F Hansen Posted November 6, 2009 9:53 AM
• 91393
  

  My question is: If you have 30 years of full-time service and are 55 but you decide to then go part time, are you still eligible to contribute to TSP?

  DCFed Posted November 6, 2009 9:01 AM
• 91389
  

  In the following part of the above article, shouldn't it say ". . .she worked AFTER the magic 1986 date . . ."? The 20 years of service that she worked before the magic 1986 date would be computed using the deemed high three with pro-rated service. Her pro-rated service is computed as 31,305 hours (the hours she actually worked since April 7, 1986) / 41,740 hours (the hours she would have worked if she had been full time since April 7, 1986) = 0.75 (the percentage of a full-time schedule she actually worked).

  S. Berry Posted November 6, 2009 8:32 AM