What Makes the Federal Employees Retirement System So Good?

The Best Guide To Benefits - DEA.gov

1 percent of your high-3 typical wage for each year of service Computation of CSRS Part Period, Solution First 5 years of CSRS service 1. 5% of your high-3 typical salary for each year of service Second 5 years of CSRS service 1. 75% of your high-3 average salary for each year of service All years of CSRS service over 10 2% of your high-3 typical salary for each year of service If retired under the unique provision for firemens, police officers, or nuclear material carriers 2.

FERS Retirement Calculator - YouTube

2% of the remaining years of service times the high 3 average salary. If retired under the special arrangement for Members of Congress or Congressional Employees 2. 5% of your high-3 typical salary multiplied by your years and months of service as a Member of Congress and/or Congressional Worker, your military service while on a leave of absence as a Member and up to 5 years of other military service, 1.

5% service, do not exceed ten years, 2% of your high-3 typical income increased by your years of other service in excess of 10 years Reductions in Non-Disability Annuity Age If you retire under the MRA +10 provision If you have 10 or more years of service and retire at the Minimum Retirement Age (MRA), your advantage will be reduced by 5/12 of 1% for each complete month (5% per year) that you were under age 62 on the date your annuity started.

If you postpone the start date of your annuity, the age reduction will be minimized or removed. The age reduction applies to both the Civil Service Retirement System and the Federal Personnel Retirement System elements of your annuity, if you transferred to FERS and part of your annuity is calculated under the CSRS arrangement.

Everything about Saving for Retirement Calculator - Capitol Federal

The reduction is 1/6 of 1% (2% per year) for each month that you are under age 55 at the time of retirement.  FER Retirement Calculator  If you are married, your benefit will be minimized for a survivor advantage, unless your partner granted your election of less than a complete survivor annuity.