Social Security Report

Q & A

I worked for the House of Representatives for 17 years under FERS) and have worked for the Department of Labor for five years. I plan on retiring in April, when I will be 60. In calculating my retirement, will my 17 congressional years be calculated at the higher rate (1.7 percent), and my DOL service at the 1 percent rate, even if I don’t retire directly from the House?

Answer: Yes. Your years of congressional service will be computed using the higher multiplier, and the rest using the standard one.

Source: Reg Jones, FederalTimes.com – January 2, 2014