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FERS Retirement Calculator - OPM Retirement - TaxUniFers Retirement Ppt – Cute766


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1 percent of your high-3 typical salary for each year of service Calculation of CSRS Part Period, Formula First 5 years of CSRS service 1. 5% of your high-3 typical income for each year of service 2nd 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 typical income for each year of service If retired under the special provision for firemens, law enforcement officers, or nuclear product couriers 2.


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2% of the staying years of service times the high 3 typical wage. If retired under the special arrangement for Members of Congress or Congressional Personnel 2. 5% of your high-3 average income 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 lack as a Member and up to 5 years of other military service, 1.


5% service, do not exceed 10 years, 2% of your high-3 average income multiplied 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 lowered by 5/12 of 1% for each full month (5% annually) that you were under age 62 on the date your annuity started.


If you postpone the start date of your annuity, the age decrease will be lowered or eliminated. Check it Out applies to both the Civil Service Retirement System and the Federal Worker Retirement System parts of your annuity, if you transferred to FERS and part of your annuity is computed under the CSRS arrangement.


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The decrease is 1/6 of 1% (2% per year) for every month that you are under age 55 at the time of retirement. Survivor Advantages If you are married, your benefit will be decreased for a survivor benefit, unless your partner consented to your election of less than a complete survivor annuity.


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