No credit for being contractor, and more
- By Milt x_Zall
- Dec 12, 2002
A Reader Writes
Do you know of any situations where years of service working as a contractor
to the federal government can be applied to a Federal Employees Retirement
System retirement? I worked for more than five years as a contractor prior
to becoming a federal employee and would like to investigate buying that
time if possible.
Unfortunately, there isn't a way to credit your contractor service toward
your government retirement. But you'll get Social Security credit for your
contractor service plus credit toward any retirement or 401(k) plan your
employer may have had.
A Reader Writes:
I was in the Civil Service Retirement System from 1971-74. I left and
then came back to the federal government, serving from November 1984 to
the present. I am considered CSRS Offset. Do you have any information on
this offset system?
The following link goes to a fact sheet from the Office of Personnel
Management that can covers a wide range of information for CSRS Offset employees:
CSRS Offset Retirement.
A Reader Writes:
I am 55 years old, have 19 years of service as a Department of the Army
civilian and am under the FERS. Can I retire at 20 years of service? When
can I begin drawing my retirement without a penalty?
If you leave federal service and delay receiving benefit payments, unreduced
benefits are available at the following age/service combinations:
* At age 62 to those who had at least five years of civilian service
and did not take a refund.
* At minimum retirement age (MRA) with 30 years of service or more.
MRA is age 55 with 30 years of service gradually increasing until it reaches
age 57 for employees born between 1948 and 1970 or later; age 60 with 20
years of service and age 62 with five years of service.
A reduced benefit (at least 5 percent per year) is available at minimum
retirement age with 10 years of service or more.
Zall is a retired federal employee who since 1987 has written the Bureaucratus
column for Federal Computer Week. He can be reached at email@example.com.