Selecting the FERS, CSRS, or CSRS with Offset retirement plan reconfigures the Retirement Plan tab for data input related to the specific plan.

The prompts for this screen (and the CSRS input screen) are discussed below:

Date Entered Plan

Enter the date the participant entered the plan. (Note that temporary service will be included on the right hand side).

Additional Funds

Enter additional funds to be added to the Final Average Salary. This may include items such as unused sick leave or unused vacation time. See the plan handbook for specific information.

Additional YOS

Enter additional years of service (YOS) for the retirement plan. This may include military service creditable under the plan. By clicking on the down arrow on the right of the editor, a calculation dialog box will appear.

Fill in the data as required to calculate the additional years of service. Press the Apply button to save the calculation value to the Additional YOS editor.

Spouse DOB

This prompt will appear if the Setup tab is configured not to include the spouse. Enter the spouse DOB. This value may be cleared, in which case alternative options will not be displayed.

Employee Type

Select the type of federal employee the participant is from the list.

Retirement Type

Select the type of retirement the participant is involved in.

Transfer to FERS (FERS retirement plan only)

If the participant transferred from CSRS to FERS, select the appropriate item and enter the transfer date.

Military Service

If the participant has military service, select the method for entering the service. The date method does not have to be used as long as all military service was on or after 1/1/1957.

Member will have 40 quarters in Social Security by age 62 (CSRS Only)

If the participant will have 40 quarters of Social Security, check this box.

Deposit made to purchase military time

If the client purchased their military time, select this box.

Breaks in Service/Part-Time Service

This includes breaks in service, part time service, and temporary service. (The temporary service column is only shown for federal retirement plans.)

 

To add a line, click on the add button found at the bottom left of the grid.

Add an entry for each break in service. Note:  the blue columns are read only columns and may not be edited.

If the buy back cost for the temporary service is known, enter the value in the respective column. TRAK will be able to calculate the current cost for the buy back from the historic interest rate.