R25-60 ADD NEW: PSD-XX Inclusion of Overtime in Retirement Calculation
NATCA shall pursue legislation to allow retirement calculations to include Overtime hours work and potential premiums (average high three of actual salaries earned), similar to how Federal Law Enforcement Officers were able to introduce “LEO Fair Retirement Act.”
Rationale: Our special FERS retirement doesn’t allow for premiums and OT to be included in the retirement calculations. The Federal LEO’s Unions have been able to mitigate this by advocating and successfully introducing legislation (LEO Fair Retirement Act) since 2014. Although the bill has not been made into law, this is a huge step in letting us get full credit for the hard work we do.
Authors: Richard Yao (ZNY), Isaiah Warren (ZNY)