Robert F. Benson

Author: Robert F. Benson

Robert Benson served 35 years in various Federal agencies, as both a management analyst and IT specialist. He is a graduate of Northwestern University.

High Five vs. High Three: Is There a Difference In Your Retirement Annuity?

The deficit commission has proposed changing federal retirement to use the highest five years of earnings to calculate civil service pension benefits for new retirees (CSRS and FERS) rather than the highest three years. How much of a difference would this make in a retirement annuity? It depends. Here are several scenarios.