Retirement Estimator - SSA - Social Security

Your basic annuity is calculated based upon your length of service and "high-3" typical salary. To identify Try This of service for calculation, add all your durations of praiseworthy service, then eliminate any fractional part of a month from the overall. High-3 Average Income Your "high-3" typical pay is the highest typical fundamental pay you earned during any 3 consecutive years of service.

Your fundamental pay is the standard salary you earn for your position. It includes boosts to your salary for which retirement deductions are withheld, such as shift rates. It does not consist of payments for overtime, bonus offers, etc. (If your overall service was less than 3 years, your average wage was figured by averaging your standard pay throughout all of your durations of praiseworthy Federal service).

1 percent of your high-3 typical salary for each year of service Your benefit was computed differently, if you retired under among the provisions listed below Unique Arrangement for Air Traffic Controllers, Firefighters, Police Officers, Capitol Cops, Supreme Court Police, 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 income multiplied by your service exceeding twenty years Member of Congress or Congressional Staff Member (or any mix of the two) need to 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 Component Duration, Solution 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 income for each year of service All years of CSRS service over 10 2% of your high-3 typical income for each year of service If retired under the special arrangement for firefighters, law enforcement officers, or nuclear material carriers 2.

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