Does Part-Time Count?

Does Part-Time Counts? 

Part-time federal service counts towards eligibility, but the amount of money received is prorated based on the hours worked.

– Part-time federal service does count towards eligibility, which means it is considered as a qualifying period of work.

– However, when calculating the amount of money received, the hours worked are taken into account. This means that part-time employees may receive a prorated amount based on their actual working hours.

– The formula used to determine the amount of money received is the high three (highest average salary over three consecutive years) times the years of service.

– If someone has worked for 5 years and is 62 years old, they are fully eligible for retirement benefits, even if all 5 years were part-time.

– Many people find it confusing that part-time service counts towards eligibility but not fully towards the money received.

– Attending workshops and asking questions is a good way to gain more understanding about the complex rules and calculations related to part-time federal service and retirement benefits.

Join us at a Fed Pilot workshop (webinar or in-person) and not only learn about your benefits, but how to prepare for retirement. The earlier in your career, the better.

Register: https://fedpilot.com

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