Proposed Retirement Changes for Federal Employees
Changes are likely to occur in the federal retirement program. Here are some probable proposals that would impact current and future federal retirees.
High-3
A Better Way to Do the High-Three Calculation
Doing the high-three calculation manually always has been difficult. However, there is a simpler way of performing this calculation as the author explains.
Federal Retirement Contributions and Pension Calculations: More Changes Coming?
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.
How is the High-3 Calculated with Part Time Employment?
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?
Spouse’s Survivor Benefit at the Time of Death
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?
How is My High-3 Calculated?
I was promoted to a GS-14 position in September of 2012. I plan to retire in September 2015. Will my “High 3” be calculated from September 2015 – September 2015 or from calendar year January 2012 – January 2015?
Earning Annuity at a Higher Rate After a Step Increase
I plan to retire December 31, 2015, and on December 1, 2015 I am due for a step increase. I want to know if the retirement estimate will project from that increase – Will I be paid for my leave and annuity at the new pay increase?
Should I Retire or Keep Working?
Should I retire now or keep working to get 20 years of service? How much would I lose in retirement by leaving earlier?
Worried About Cuts to Your Federal Benefits? Don’t Panic!
In response to a recent CBO report that recommends various cuts to federal employee benefits, the author advises federal workers not to panic about these recommendations and explains why he thinks they are unlikely to materialize.
Calculating Your High Three Salary
Does OPM base the CSRS retirement calculation on an employee’s high-three annual BASE PAY or LOCALITY PAY when determining the annual retirement payment?
