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I just started receiving my deferred FERS pension since I turned 62. My former agency has asked if I want to come back full time. If I do, how many years do I have to work before retiring again, in order for my annuity to be recomputed based on a new high-3 average? Blocked by moderator
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Private answer
For a supplemental annuity, you need a year full time or a year of equivalent full time service and they will add to your current annuity. To qualify for a redetermined annuity, you must work five years full time or five years equivalent service to have it redetermined. Blocked by moderator
 Posted by Elaine Lumsden (Questions: 0, Answers: 386) Answered on February 1, 2022 2:37 am
How is the supplemental annuity calculated? Is the answer different if you are / will be in the Excepted Service (vs. regular Civil Service)? I'm trying to figure out if it would be worth the pay cut for a few years to increase the annuity.
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Private answer
If you are FERS, retirement contributions must be withheld no matter the type of appointment you are hired under. In the computation of a supplemental annuity, FERS service is credited at the rate of 1 percent of the average salary per year of service and is added to your current annuity. Are you aware that the pay received during reemployment is offset by the allocable amount of annuity unless you have an exception, in which case if there is no offset, you cannot earn a supplemental or redetermined annuity? Blocked by moderator
Posted by Elaine Lumsden (Questions: 0, Answers: 386) Answered on February 1, 2022 1:08 pm
It sounds like that, from a purely financial aspect, it would not make sense for me to go back at this point, unless I was willing to continue to work until I was 67 to 68 years old. I was hoping that the annuity would simply stop when I was rehired, work for 3 years to set a new high-3, and then re-compute. I guess the laws were written to prevent people like me from doing that. So staying a Federal Contractor and drawing the smaller FERS pension until I actually retire from all work, is the way to go for me.
Thanks for your help.
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