The following is a question submitted by a reader to Federal Times columnist Reg Jones, a charter member of the senior executive service and the resident expert on federal employee retirement issues.
A Fed Times reader asks:
“I’m a former federal law enforcement officer. I had 24 years of coverage, and unfortunately was fired before reaching my MRA. I’m currently 55 years old and wondering when can I file for my retirement annuity. Additionally, will my first 20 years of service be computed at 1% or 1.7%?”
Reg’s response:
Assuming that you didn’t 1) ask for a refund of you retirement contributions when you left and 2) weren’t convicted of certain offenses cited in 5 US Code 8312, you’ll be entitled to a deferred annuity at age 60.
Your first 20 years will be computed using the enhanced 1.7% multiplier and the rest at 1%.
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