Doing the high-three calculation manually always has been difficult. However, there is a simpler way of performing this calculation as the author explains.
Will the federal retirement system be changed to require greater contributions from federal employees in the near future? Will the retirement computation change from a high three to high five? Here is a quick summary of pending issues federal employees should be watching.
I plan to retire next year under FERS after 30 years of service. I would like to go part time my last several years. How will OPM calculate my high-3 in this case?
I am 60. I would like to continue to work at least until I’m 62 but if I were to pass away before retiring, would my wife be able to apply for a survivor’s pension based on my being eligible for retirement at the time I died?