Can LEO Employees Extend Their Service Outside of Law Enforcement to Become Eligible for the 1.1% Annuity Computation?
View this article online at https://www.fedsmith.com/2018/02/22/can-leo-employees-extend-service-outside-law-enforcement-become-eligible-1-1-annuity-computation/ and visit FedSmith.com to sign up for free news updatesQ: Is it possible for an employee who did the 20 year minimum in a law enforcement (LEO) agency to lateral over to a non-LEO capacity to continue working to 62, or earn 30 working years? If so, will said employee be eligible for the 1.1% annuity calculation instead of the 1%, earned after the 20 years of 1.7% as an LEO?
A:
- Yes it is possible to transfer to a non-LEO position to extend your service.
- No it will not make one eligible for the 1.1% factor. Those covered under the special provisions for LEOs, etc. are specifically excluded from the 1.1% computation factor.
Agencies can request to have John Grobe, or another of Federal Career Experts' qualified instructors, deliver a retirement or transition seminar to their employees. FCE instructors are not financial advisers and will not sell or recommend financial products to class participants. Agency Benefits Officers can contact John Grobe at [email protected] to discuss schedules and costs.