Fers Annuity Supplement Calculator

There is a small group of Federal employees who can use a factor as high as 17 the first 20 years of service and you can find that list here.

Fers annuity supplement calculator. The result would be your special pension supplement before reductions. You will have to give back one dollar for every two dollars over the minimum. The general purpose of the supplement.

The FERS Supplement is calculated using the following formula. Age 62 with at least 5 years of service. The FERS annuity supplement is paid in addition to gross monthly Federal Employees Retirement System FERS annuity benefits.

The high-3 is calculated by adding your highest salary for three consecutive years then dividing the amount by three. FERS Basic Annuity High-3 Salary x Years of Service x 1. The supplement approximates the value of FERS service in a Social Security benefit.

The FERS annuity supplement is paid in addition to gross monthly Federal Employees Retirement System FERS annuity benefits. 75 750. The result would be the approximate value of your FERS annuity supplement before any reductions.

1 Its a fixed amount thats established on the day you retire. And if you retire at age 62 or older with 20 years of service you get a slight bonus 11 multiplier vs. A FERS Retiree Annuity Supplement commonly called the special retirement supplement may be paid in addition to your FERS annuity benefits.

In this case that is 12360 2 6180 per year. FERS BASIC BENEFIT CALCULATION. Your basic FERS retirement annuity is computed based on your length of service and high-3 average pay.