PART-TIME FEDERAL
RETIREMENT BENEFIT INEQUITIES
Part-time federal employees with full-time service prior to April, 1986, do not receive proper credit for their earlier full-time service in their retirement calculations unless they return to work full-time at the end of their career. These employees stand to lose up to 30% of the retirement benefits they have earned.
Find out more about the problem below. Find out how you can help correct it!
Who to Contact (names are dated, but organizations remain the same)
LEGAL QUESTION
In 1986, Congress passed legislation applying a new methodology to the calculation of part-time annuities "effective with respect to service performed on or after the date of the enactment of this Act." The new methodology always calculates annuities fairly. Why is it that federal employees with no part-time service prior to the date of enactment are subject to a combination of old and new procedures? Since all of their part-time service is after the date of enactment, there is clearly no legal basis for the way OPM chose to implement the legislation.
S. 129 Passes and is Signed into Law without Provisions to Correct Part-Time Inequities. What Happened and How to Help.
FINALLY!!
On October 22, 2009, Congress passed provisions as part of the 2010 Defense Appropriations Act that will correct this problem for federal employees who retire in the future after working part-time at the end of their career.
IMPORTANT!
