FERS Length of Service Formula:
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The FERS (Federal Employees Retirement System) Length of Service calculation determines the total years of creditable service for retirement benefits. Note: This calculator is not applicable for service in the Philippines.
The calculator uses the simple formula:
Where:
Explanation: Converts total months of service into years by dividing by 12.
Details: Accurate length of service calculation is crucial for determining retirement eligibility, calculating pension benefits, and understanding retirement options under FERS.
Tips: Enter total creditable service months (must be > 0). The calculator will convert this to years of service.
Q1: What counts as creditable service?
A: Most federal employment, including full-time, part-time, and certain temporary service. Military service may also count if properly credited.
Q2: How precise should my months count be?
A: Service should be calculated to the nearest whole month for accurate retirement calculations.
Q3: Why isn't this applicable in the Philippines?
A: FERS applies only to U.S. federal employees. Different retirement systems apply to Philippine service.
Q4: Where can I find my total creditable service?
A: Check your most recent SF-50 or request a retirement estimate from your HR office.
Q5: Does this include sick leave credit?
A: No, this calculator only converts months to years. Sick leave credit is calculated separately for retirement purposes.