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1. www.opm.gov › retirement-center › fers-informationFERS Information - U.S. Office of Personnel Management

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   FERS Information. Congress created the Federal Employees Retirement System (FERS) in 1986, and it became effective on January 1, 1987. Since that time, new Federal civilian employees who have retirement coverage are covered by FERS. FERS is a retirement plan that provides benefits from three different sources: a Basic Benefit Plan, Social ...

2. www.opm.gov › retirement-center › csrs-informationComputation - U.S. Office of Personnel Management

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   Disability Retirement Computation. If you retire for disability, you may be guaranteed a minimum annuity equal to the smaller of: 40 percent of your “high-3 average salary”, or. the regular annuity obtained after increasing your service by the time between the date of your retirement and your 60th birthday. The guaranteed minimum applies if ...

3. www.opm.gov › retirement-center › calculatorsCalculators Federal Ballpark E$timate® - U.S. Office of ...

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   Federal Employees Retirement System (FERS) The Federal Employees Retirement System (FERS) was established by Public Law 99-335 in Chapter 84 of title 5, U.S. Code and effective January 1, 1987. Most new Federal employees hired after December 31, 1983 are automatically covered by FERS. Certain other Federal employees not covered by FERS have the ...

4. www.federalretirement.net › fers_annuityFERS Annuity Calculator and Retirement Benefits

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   Generally, your regular FERS retirement annuity is calculated according to this formula: 1% of your high-3 average pay. times. years of creditable service. If you retire at age 62 or later with at least 20 years of service, a factor of 1.1% is used rather than 1%. To determine your length of service for computation, add all of your periods of ...

5. www.opm.gov › retirement-center › fers-informationEligibility - U.S. Office of Personnel Management

   www.opm.gov › retirement-center › fers-information

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   On this page. There are four categories of benefits in the Federal Employees Retirement System (FERS) Basic Benefit Plan: Immediate. Early. Deferred. Disability. Eligibility is determined by your age and number of years of creditable service. In some cases, you must have reached the Minimum Retirement Age (MRA) to receive retirement benefits.

6. www.fedsmith.com › 2022/11/09 › how-to-calculateHow to Calculate Your FERS Retirement Pension - FedSmith

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   Nov 9, 2022 · 25 X $100,000 X 1% = $25,000 Gross Annual Pension. As you can see, (most federal employees) get 1% of their high-3 salary for every year of service they have. However, there is one exception to this rule. If you retire at age 62 or later with 20+ years of service, then you get 1.1% of your high-3 for every year of service (10% raise!)

7. moneyzine.com › retirement › csrs-retirement-calculatorCSRS Retirement Calculator - Moneyzine

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   Oct 4, 2023 · This CSRS retirement calculator can help you figure out your retirement benefits under the Civil Service Retirement System. Using your age at retirement, years of service, unused sick days and High-3 salary, this CSRS calculator will provide you with an estimate of your Basic Annual Annuity, Annuity with Survivor benefits, and the Survivor Benefits themselves, if they apply.