So according to OPM,
But we all know plenty of retirees who work GS jobs. I've always understood that the pension is reduced for retirees who take federal jobs, but not gone completely. If there is an annuity for those who could qualify for a second retirement, how is it calculated?
I understand the basic FERS system is (High 3) x (1%) x (# of federal service years). How is this altered if one is receiving a pension?
Most military retirees are barred from receiving credit toward a civilian annuity unless they waive their military retired pay.
But we all know plenty of retirees who work GS jobs. I've always understood that the pension is reduced for retirees who take federal jobs, but not gone completely. If there is an annuity for those who could qualify for a second retirement, how is it calculated?
I understand the basic FERS system is (High 3) x (1%) x (# of federal service years). How is this altered if one is receiving a pension?