Computation of CSRS and FERS Benefits -- FederalSoup.com

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Your fundamental annuity is calculated based upon your length of service and "high-3" typical income. To determine Try This of service for calculation, add all your periods of praiseworthy service, then remove any fractional part of a month from the total. High-3 Typical Wage Your "high-3" average pay is the highest average basic pay you earned during any 3 successive years of service.

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Your standard pay is the standard income you earn for your position. It includes increases to your salary for which retirement deductions are withheld, such as shift rates. It does not consist of payments for overtime, benefits, and so on (If your overall service was less than 3 years, your typical wage was figured by balancing your basic pay during all of your periods of reputable Federal service).

1 percent of your high-3 average income for each year of service Your advantage was computed differently, if you retired under among the arrangements below Special Provision for Air Traffic Controllers, Firefighters, Law Enforcement Officers, Capitol Police, Supreme Court Cops, or Nuclear Products Couriers 1. 7% of your high-3 typical salary multiplied by your years of service which do not go beyond 20, 1% of your high-3 average salary increased by your service exceeding twenty years Member of Congress or Congressional Staff Member (or any mix of the 2) need to have at least 5 years of service as a Member of Congress and/or Congressional Employee 1.

1 percent of your high-3 average income for each year of service Calculation of CSRS Part Duration, Formula First 5 years of CSRS service 1. 5% of your high-3 average wage for each year of service Second 5 years of CSRS service 1. 75% of your high-3 average wage for each year of service All years of CSRS service over 10 2% of your high-3 average salary for each year of service If retired under the special arrangement for firemens, law enforcement officers, or nuclear product couriers 2.

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2% of the staying years of service times the high 3 average wage. If retired under the special provision for Members of Congress or Congressional Worker 2. 5% of your high-3 average salary multiplied by your years and months of service as a Member of Congress and/or Congressional Staff member, your military service while on a leave of lack as a Member and approximately 5 years of other military service, 1.