Retirement Calculators - United Federal Credit Union

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Your fundamental annuity is computed based upon your length of service and "high-3" average salary. To identify your length of service for calculation, include all your durations of reputable service, then remove any fractional part of a month from the overall. High-3 Typical Salary Your "high-3" typical pay is the greatest average fundamental pay you earned throughout any 3 consecutive years of service.

How to Calculate the FERS Basic Annuity

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Your standard pay is the fundamental income you earn for your position. It includes boosts to your wage for which retirement reductions are withheld, such as shift rates. This Piece Covers It Well does not include payments for overtime, bonuses, etc. (If your overall service was less than 3 years, your average salary was figured by balancing your basic pay during all of your periods of praiseworthy Federal service).

1 percent of your high-3 typical income for each year of service Your benefit was computed differently, if you retired under one of the arrangements listed below Unique Provision for Air Traffic Controllers, Firefighters, Law Enforcement Officers, Capitol Authorities, Supreme Court Authorities, or Nuclear Materials Couriers 1. 7% of your high-3 average wage increased by your years of service which do not go beyond 20, 1% of your high-3 typical wage increased by your service surpassing 20 years Member of Congress or Congressional Staff Member (or any combination of the two) need to have at least 5 years of service as a Member of Congress and/or Congressional Employee 1.
1 percent of your high-3 typical income for each year of service Calculation of CSRS Element Period, Formula 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 average salary for each year of service If retired under the special arrangement for firemens, law enforcement officers, or nuclear material couriers 2.
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2% of the remaining years of service times the high 3 average income. If retired under the unique arrangement for Members of Congress or Congressional Personnel 2. 5% of your high-3 average 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 approximately 5 years of other military service, 1.