Calculating My Federal Pension - Retiring Fed

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Your basic annuity is calculated based upon your length of service and "high-3" typical wage. To determine your length of service for computation, add all your periods of creditable service, then remove any fractional part of a month from the total. High-3 Average Salary Your "high-3" typical pay is the greatest average basic pay you earned during any 3 successive years of service.

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2020 COLA and Annuity Projection Calculator Update - Federal Employee's  Retirement Planning Guide

Your basic pay is the basic income you earn for your position. It consists of boosts to your wage for which retirement deductions are kept, such as shift rates.  https://hoyle-buur.technetbloggers.de/trs-calculators-teacher-retirement-system-of-texas  does not consist of payments for overtime, rewards, etc. (If your total service was less than 3 years, your typical wage was figured by balancing your fundamental pay during all of your periods of praiseworthy Federal service).

1 percent of your high-3 average salary for each year of service Your benefit was computed in a different way, if you retired under among the arrangements below Unique Provision for Air Traffic Controllers, Firefighters, Law Enforcement Officers, Capitol Police, Supreme Court Police, or Nuclear Materials Couriers 1. 7% of your high-3 average wage multiplied by your years of service which do not surpass 20, 1% of your high-3 typical wage multiplied by your service surpassing twenty years Member of Congress or Congressional Staff Member (or any combination of the 2) should have at least 5 years of service as a Member of Congress and/or Congressional Worker 1.

1 percent of your high-3 average income for each year of service Computation 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 typical wage for each year of service All years of CSRS service over 10 2% of your high-3 average income for each year of service If retired under the special arrangement for firemens, law enforcement officers, or nuclear material couriers 2.

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2% of the staying years of service times the high 3 average income. If retired under the unique arrangement for Members of Congress or Congressional Employees 2. 5% of your high-3 typical wage increased 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.