Federal Service Computation:
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The Federal Service Computation calculates the net creditable service time for federal employees by subtracting non-creditable periods from total service time. This determines benefits eligibility and calculation.
The calculator uses the simple formula:
Where:
Explanation: The calculation converts total service months minus any non-creditable periods into years of service.
Details: Accurate service computation is essential for determining retirement eligibility, calculating pension benefits, and establishing leave accrual rates for federal employees.
Tips: Enter total service and fractions in months. The calculator will display the net computation in both months and years.
Q1: What counts as "fractions" in service computation?
A: Fractions typically include periods of non-pay status, certain types of leave without pay, and other non-creditable service periods.
Q2: How is service credit calculated for part-time work?
A: Part-time service is prorated based on the percentage of full-time hours worked.
Q3: What's the minimum service required for federal retirement?
A: Generally 5 years for deferred retirement, though immediate retirement requires more (typically 20-30 years depending on age).
Q4: Are military service years counted differently?
A: Military service may be credited but often requires deposit payments and has special calculation rules.
Q5: How precise should my service records be?
A: Service should be tracked to the day, as even small differences can affect retirement calculations.