How Will My Retirement Be Calculated?

View this article online at and visit to sign up for free news updates
By on January 22, 2015 in Q&A, Retirement with 0 Comments

Q: I have 30 years with the Government (non-continuous). My first 15 years were under the CSRS system. The second 15 years are under FERS. How will my retirement be calculated?

A: You will have a CSRS portion of your annuity that will be computed using CSRS rules. Your CSRS length of service (15 years is 26.25%) will be multiplied by your high three to give you the CSRS portion of your annuity.

You will also have a FERS portion of your annuity that will be computed using FERS rules. Your FERS length of service will be multiplied by your high three to give you the FERS portion of your annuity. If you are under the age of 62 when you retire, 15 years is 15%; if you are age 62 or older when you retire, 15 years is 16.5%.

The CSRS portion of your pension will receive CSRS COLAs and the FERS portion will receive FERS COLAs. A CSRS COLA is based on the full increase of the Consumer Price Index, and you will begin earning it at retirement, regardless of your age. A FERS COLA is calculated using a modified formula, and you will not begin earning it until you reach age 62. When inflation is low, as it has been over the last several years, the percentage of the COLA is generally the same for CSRS and FERS. For 2015, retirees eligible for the COLA (be they CSRS or FERS) will get a 1.7% increase in their annuities.

If you retire before you are age 62, you will be entitled to the Special Retirement Supplement on the FERS portion of your annuity.

If you have any deposit or re-deposit service, how it will be treated depends on when it occurred. Your Human Resources office will be able to provide guidance in this area, should you require it.

Agencies can request to have John Grobe, or another of Federal Career Experts' qualified instructors, deliver a retirement or transition seminar to their employees. FCE instructors are not financial advisers and will not sell or recommend financial products to class participants. Agency Benefits Officers can contact John Grobe at [email protected] to discuss schedules and costs.

© 2020 John Grobe. All rights reserved. This article may not be reproduced without express written consent from John Grobe.


About the Author

John Grobe is President of Federal Career Experts, a firm that provides pre-retirement training and seminars to a wide variety of federal agencies. FCE’s instructors are all retired federal retirement specialists who educate class participants on the ins and outs of federal retirement and benefits; there is never an attempt to influence participants to invest a certain way, or to purchase any financial products. John and FCE specialize in retirement for special category employees, such as law enforcement officers.