1. What is the FERS Annuity Calculation?

The FERS (Federal Employees Retirement System) annuity calculation determines the pension benefit for federal government employees based on their high-3 average salary, years of service, and age at retirement.

2. How Does the Calculator Work?

The calculator uses the FERS annuity formula:

Where:

• High-3 Average Salary — Average of highest 3 consecutive years of basic pay
• Years of Service — Total years of federal service
• Multiplier — 1% (1.1% if age 62+ with 20+ years of service)

Explanation: The formula provides the basic annuity amount before any deductions or additional benefits.

3. Importance of Annuity Calculation

Details: Accurate annuity calculation helps federal employees plan for retirement, understand their pension benefits, and make informed decisions about retirement timing.

4. Using the Calculator

Tips: Enter your high-3 average salary in dollars, years of service (including partial years), and current age. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is included in the high-3 average salary?
A: The high-3 average salary includes basic pay only - it does not include bonuses, overtime, or allowances.

Q2: How are partial years of service calculated?
A: Partial years are converted to decimal (e.g., 6 months = 0.5 years) and included in the calculation.

Q3: Are there other factors that affect the annuity amount?
A: Yes, factors such as retirement type (optional, early, disability), survivor benefits, and other deductions may affect the final annuity amount.

Q4: What is the maximum annuity percentage?
A: The maximum annuity is generally 80% of the high-3 average salary for most employees.

Q5: How often is the annuity paid?
A: FERS annuities are typically paid monthly for the retiree's lifetime.