How average are you and what does it matter? - Federal News

Your basic annuity is calculated based upon your length of service and "high-3" average salary. To determine your length of service for computation, include all your periods of praiseworthy service, then get rid of any fractional part of a month from the overall. High-3 Average Wage Your "high-3" typical pay is the highest average fundamental pay you earned during any 3 successive years of service.

Your fundamental pay is the fundamental income you make for your position. It includes increases to your income for which retirement reductions are withheld, such as shift rates. https://fersretirementcalculator.com/ does not include payments for overtime, benefits, and so on (If your total service was less than 3 years, your typical income was figured by balancing your standard pay during all of your periods of praiseworthy Federal service).

1 percent of your high-3 typical salary for each year of service Your benefit was calculated in a different way, if you retired under among the provisions below Unique Arrangement for Air Traffic Controllers, Firefighters, Police Officers, Capitol Cops, Supreme Court Authorities, or Nuclear Products Couriers 1. 7% of your high-3 average income multiplied by your years of service which do not surpass 20, 1% of your high-3 average income increased by your service exceeding twenty years Member of Congress or Congressional Staff Member (or any mix of the 2) must have at least 5 years of service as a Member of Congress and/or Congressional Staff Member 1.

1 percent of your high-3 typical wage for each year of service Calculation of CSRS Element Duration, Solution First 5 years of CSRS service 1. 5% of your high-3 average income 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 income for each year of service If retired under the unique arrangement for firemens, police officers, or nuclear material couriers 2.

2% of the remaining years of service times the high 3 typical salary. If retired under the special provision for Members of Congress or Congressional Personnel 2. 5% of your high-3 typical income 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 up to 5 years of other military service, 1.