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For purposes of analysing the CSRS Offset and the WEP, is a “year” a consecutive 12 month period? The reason I ask is because I worked under CSRS Offset for a few months at the end of CY2003 (November and December), and I will most likely retire on 2/01/19. So, is that 17 years? 16 years? 15 years and a few months? Round up? Thanks for clarifying! Blocked by moderator
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Private answer
Chapter 50 CSRS FERS Handbook, page 27, states: Partial years of offset service are rounded to the nearest whole number, with one half being rounded to the next higher number. Blocked by moderator
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Thanks!!
So my time in CSRS Offset (November 2003 to February 2019) is 15 years, 3 months. Which will round down to 15 years for my offset service.
My non-government earnings (Jan 2003 to Oct 2003) plus my government earnings (Nov – Dec 2003) was $30,716. So for WEP, the year 2003 will count as a “substantial year of earnings.” Thank you Elaine.