Federal Retirement: What Happens to Unused Annual and Sick Leave

Some Known Details About Retirement Estimator - SSA - Social Security

: FERS senior citizens who have earnings from salaries or self-employment may have their Unique Retirement Supplement lowered or dropped in the Social Security incomes test (see Social Security).

FERS Retirement Options - Federal Employee's Retirement Planning Guide

Your basic annuity is calculated based on your length of service and "high-3" average salary. To determine your length of service for calculation, add all your durations of creditable service, then remove any fractional part of a month from the total. High-3 Average Wage Your "high-3" typical pay is the highest average fundamental pay you earned during any 3 consecutive years of service.

FERS MRA (Minimum Retirement Age)

Your standard pay is the basic income you make for your position.  Key Reference  consists of boosts to your income for which retirement reductions are withheld, such as shift rates. It does not include payments for overtime, bonuses, etc. (If your overall service was less than 3 years, your average income was figured by balancing your standard pay during all of your durations of reputable Federal service).

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

CSRS Survivor Benefits Calculation at Retirement - Federal Things To Know Before You Buy

1 percent of your high-3 average income for each year of service Calculation of CSRS Component Period, Solution First 5 years of CSRS service 1. 5% of your high-3 typical income for each year of service Second 5 years of CSRS service 1. 75% of your high-3 typical salary 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 unique provision for firemens, law enforcement officers, or nuclear material couriers 2.