Is the FERS annuity calculated differently when there is 1.7% full-time and 1.0% part-time accrual?

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Employee served 20 years accruing 1.7% and then part-time (20hrs) for 5 years accruing 1%.
Computing part-time annuity the employee would receive (20*2087 + 5*1043)/(25*2087) = 90% of a “full-time” 25 year career annuity (39% vs 35.1%). However, this calculation reduces every year of 1.7% because of 1.0% part-time. Is this correct?
Could be (20 * 1.7%) + (0.5 * 5 * 1%) = 36.5%?

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Asked on July 10, 2019 3:08 pm
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Unfortunately, when you have part time service under FERS, your entire annuity is prorated. Your annuity will be calculated as a full time person and a proration factor will then be computed based on your tour compared to a full time person’s tour and you will receive a percentage of the overall annuity.

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Posted by (Questions: 0, Answers: 463)
Answered on July 10, 2019 3:57 pm