Part Time Credit for Retirement

Part time credit toward retirement annuity

Under CSRS/CSRS-Offset and FERS, the high-three average salary used for part-time work is the salary that would have been paid if the employee had worked full-time, and the basic benefit formula is the same. However, the calculation is adjusted by a factor determined by dividing the actual hours worked by the full-time hours available over the creditable federal service time.

Until enactment of PL 111-84, which was effective with retirements on or after October 28, 2009, annuities for CSRS/CSRS Offset benefits, including time under CSRS for FERS employees eligible for mixed FERS-CSRS annuities, were calculated under two separate methods, differing for service before April 7, 1986 versus service from that date forward. Under the prior policy, years of part-time service might not have been used for determining the high-three average salary, even though the hourly salary in those years might have been among the highest three. PL 111-84 required OPM to calculate annuities under CSRS based on the highest three average pay for the position he or she occupied regardless of when.

 

Answers
Views
Question
1
answer
28
views
updated 9 hours ago
Category: Retirement
1
answer
104
views
updated 3 days ago
Category: Retirement
3
answers
46
views
updated 2 days ago
Category: Retirement
1
answer
116
views
updated 1 week ago
Category: Retirement
1
answer
142
views
updated 1 week ago
Category: Retirement
3
answers
115
views
updated 1 week ago
Category: Retirement
2
answers
359
views
updated 2 weeks ago
Category: Retirement
1
answer
222
views
updated 2 weeks ago
Category: Retirement
1
answer
190
views
updated 3 weeks ago
Category: Retirement
1
answer
180
views
updated 3 weeks ago
Category: Retirement
1
answer
153
views
updated 3 weeks ago
Category: Retirement
1
answer
187
views
updated 3 weeks ago
Category: Retirement
5
answers
90
views
updated 1 week ago
Category: Retirement
2
answers
407
views
updated 1 month ago
Category: Retirement
1
answer
497
views
updated 1 month ago
Category: Retirement
1
answer
490
views
updated 1 month ago
Category: Retirement
1
answer
128
views
updated 2 months ago
Category: Retirement
1
answer
230
views
updated 2 months ago
Category: Retirement
1
answer
190
views
updated 2 months ago
Category: Retirement
1
answer
245
views
updated 2 months ago
Category: Retirement
1
answer
1271
views
updated 3 months ago
Category: Retirement
2
answers
368
views
updated 3 months ago
Category: Retirement
1
answer
370
views
updated 4 months ago
Category: Retirement
1
answer
304
views
updated 4 months ago
Category: Retirement
3
answers
841
views
updated 4 months ago
Category: Retirement
1
answer
384
views
updated 4 months ago
Category: Retirement
2
answers
417
views
updated 4 months ago
Category: Retirement
5
answers
98
views
updated 4 months ago
Category: Retirement
1
answer
511
views
updated 4 months ago
Category: Retirement
1
answer
61
views
updated 4 months ago
Category: Retirement
1
answer
232
views
updated 4 months ago
Category: Retirement
2
answers
334
views
updated 5 months ago
Category: Retirement
1
answer
263
views
updated 5 months ago
Category: Retirement
2
answers
789
views
updated 5 months ago
Category: Retirement
1
answer
1551
views
updated 6 months ago
Category: Retirement
2
answers
583
views
updated 5 months ago
Category: Retirement
1
answer
99
views
updated 6 months ago
Category: Retirement
2
answers
185
views
updated 6 months ago
Category: Retirement
3
answers
927
views
updated 6 months ago
Category: Retirement
4
answers
785
views
updated 3 months ago
Category: Retirement
2
answers
217
views
updated 6 months ago
Category: Retirement
1
answer
208
views
updated 6 months ago
Category: Retirement
1
answer
288
views
updated 7 months ago
Category: Retirement
1
answer
336
views
updated 7 months ago
Category: Retirement
1
answer
653
views
updated 7 months ago
Category: Retirement
1
answer
914
views
updated 7 months ago
Category: Retirement
2
answers
425
views
updated 7 months ago
Category: Retirement
1
answer
120
views
updated 7 months ago
Category: Retirement
1
answer
81
views
updated 7 months ago
Category: Retirement
1
answer
274
views
updated 8 months ago
Category: Retirement
1
answer
745
views
updated 8 months ago
Category: Retirement
1
answer
81
views
updated 8 months ago
Category: Retirement
3
answers
535
views
updated 8 months ago
Category: Retirement
0
answers
167
views
Category: Retirement
1
answer
1276
views
updated 8 months ago
Category: Retirement
1
answer
259
views
updated 9 months ago
Category: Retirement
2
answers
205
views
updated 8 months ago
Category: Retirement
1
answer
398
views
updated 9 months ago
Category: Retirement
1
answer
556
views
updated 10 months ago
Category: Retirement
1
answer
324
views
updated 10 months ago
Category: Retirement
1
answer
884
views
updated 11 months ago
Category: Retirement
1
answer
308
views
updated 1 year ago
Category: Retirement
2
answers
644
views
updated 5 months ago
Category: Retirement
1
answer
802
views
updated 1 year ago
Category: Retirement
1
answer
156
views
updated 1 year ago
Category: Retirement
2
answers
320
views
updated 1 year ago
Category: Retirement
2
answers
333
views
updated 1 year ago
Category: Retirement
1
answer
956
views
updated 1 year ago
Category: Retirement