Appendix F: Foreign Service Pension System (FSPS) (Retirement Coverage Code P)
Unreduced retirement benefits are available at the following age and service combinations:
- At least age 50 with 20 or more years of service.
- At least age 60 with 5 or more years of service.
See Frozen-CSRS -Service on IRIS Program IR114 for length of frozen service. Frozen service is the total number of years and months of civilian and military service that is creditable in a CSRS component of a FERS employee. The employee must have completed 5 years of creditable civilian service before becoming subject to CSRS offset or before the election date of FERS coverage.
Retirement Formulas Used:
If the employee has transferred from FERS to FSPS :
- Compute Years of Service as [Years of FERS Service + Years of FSPS Service].
- Compute [1.7% x First 20 Years of Service].
- Compute [1% x Remaining Years of Service].
- Compute [Step 2 + Step 3].
- Compute [Retirement High-3 x Step 4].
- Compute [Step 5 x 12].
For part-time employees (Work Schedules PP 01 tour of duty. This is done because the tour-of-duty proration is not available.
, , , and ), the monthly annuity is then prorated by the employee's - Compute [Step 6 x (PP 01 Tour-of-Duty Hours / 80)].
If the employee has transferred from FSRDS to FSPS and has less than 5 years of FSRDS service:
Use steps shown above as if the employee transferred from FERS to FSPS .
If the employee has transferred from FSRDS to FSPS and has more than 5 years of FSRDS service:
- Compute [Total Years of Service - Frozen-CSRS -Service].
- Compute 2% x Frozen-CSRS -Service - Subject to a maximum of [(Retirement High-3 x 70%) x 12].
- Compute [Retirement High-3 x Step 2].
- Compute [Step 3 / 12].
- Compute [1.7% x First 20 Years of Step 1].
- If Frozen-CSRS -Service > 20, Compute [1% x (Frozen-CSRS -Service - 20)].
- Compute [Step 5 + Step 6].
- Compute [Retirement High-3 x Step 7].
- Compute [Step 8 / 12].
- Compute [Step 4 + Step 9].
For part-time employees (Work Schedules PP 01 tour of duty. This is done because the full tour-of-duty proration is not available.
, , , and ), the monthly annuity is then prorated by the employee's - Compute [Step 10 x (PP 01 Tour-of-Duty Hours / 80)].
If the employee has transferred from CSRS to FERS to FSPS :
- Follow CSRS retirement formulas shown in Appendix D: Civil Service Retirement System (CSRS) and CSRS-Offset Retirement (Retirement Coverage Codes 1, C, and R) using Frozen-CSRS -Service as the employee's years of service.
- Compute [Total Years of Service - Frozen-CSRS -Service].
- Follow FERS to FSPS retirement formula shown above using Step 2 as the employee's Years of Service.
- Compute [Step 1 + Step 3].
For part-time employees (Work Schedules PP 01 tour of duty. This is done because the full tour-of-duty proration is not available.
, , , and ), the monthly annuity is then prorated by the employee's - Compute [Step 4 x (PP 01 x Tour-of-Duty Hours / 80)].