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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So if you go back to a FERS agency what do you lose?  [/quote]

Service credit.  You could still pull whatever vested pension you would be entitled to from the Fed system, but you would (generally) have to work 20 more years in FERS to be retirement eligible.[/quote]

i think the real kicker is that you would have to work 5 more years to re-vest in the FERS pension, so those could potentially be lost years if you, say, left FRB/CFPB at 57 and went to Treasury, but then decided you wanted to retire before 62. You need minimum 5 years of service to be eligible retire at 62, and you don't get the retirement health benefits if you you aren't eligible to retire.

[/quote]

Interesting.  So, I'm mid 40s with another 15 years of Fed service to go.  In those shoes, what do most folks recommend.  Seems like you need to make a rash decision when hired whether you intend to stay there for the duration of your career, or you screw yourself if you leave.[/quote]

I thought you just needed to stay 5 years to vest[/quote]

The "vesting" primarily is in the employer contribution to the 401(k).  You have to stay five years to actually get that.

It also takes a few years to get vested in the pension, but it is based on a "Years of service" calculation.  If you leave after under ten years, it isn't much and you would want to pull another pension.  To pull that from FERS, you would need to work another 20 years after leaving CFPB/FRB.  So there are many people that, when they transfer into the CFPB and already have a number of years in FERS, they choose to stay in, because it is already a very good pension and it gives them flexibility if they ever want to go back to a FERS agency (which does include most of the other financial regulators on the higher pay scale.)  [/quote]

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