United States Office of Personnel Management
the Federal Employees Retirement System (FERS) as Further Revised Annuity Employees (FRAE), FERS-FRAE. This guidance only applies to automatic FERS coverage determinations. Employees who are subject to CSRS, CSRS-Offset, or FICA-only coverage and who have an opportunity to elect to transfer to FERS will be subject to FERS, not FERS-FRAE, if ...
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A Handbook for Measuring Employee Performance …
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hr.nih.govFERS Annuity. Begins the day after separation. Calculation – FERS Basic Annuity is calculated based on the average high- 3 salary and years and months of creditable service. Unused sick leave can be used for additional service credit. There is no annuity reduction in FERS for employees who retire on a discontinue service retirement under age 55.