FERS or OWCP/LEWC retirement – how is annuity figured?

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My divorce QUADRO states “former spouse entitled to 50% of employee’s self only, unreduced monthly FERS annuity.” It describes the same formula you did on your 3-2 and 4-24-17 posts. My FERS annuity estimate includes a 76% part-time proration factor; how does proration factor affect LEWC annuity?

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Asked on October 3, 2017 4:39 pm
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My apologies, but I do not understand your question. FYI, all retirements are calculated as if the individual were full time, however, if there was any part time service involved, the money received will be based on the retiree’s tour compared to a full time tour…evidently, in your case, you worked 76% compared to a full time person. I do not recognize the acronym LEWC annuity. If you are asking about “loss of wage earning capacity” or LWEC, these are monies received from OWCP, none of those monies are included in calculating the high-3 average salary. If that is not correct, please let me know what it means. Chapter 30 CSRS FERS Handbook, page 3, says The Following Are Excluded from Basic Pay: #9. Supplemental payments from the Office of Workers’ Compensation Programs (OWCP). (When an employee’s salary is supplemented by OWCP payments, only the employee’s actual salary is basic pay.)

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Answered on October 3, 2017 8:56 pm