Retirement - Army National Guard
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The Of How to Calculate Your FERS Retirement Benefit
1 percent of your high-3 average wage for each year of service Calculation of CSRS Component Duration, Formula First 5 years of CSRS service 1. 5% of your high-3 typical salary for each year of service 2nd 5 years of CSRS service 1. 75% of your high-3 average income for each year of service All years of CSRS service over 10 2% of your high-3 average salary for each year of service If retired under the unique arrangement for firemens, law enforcement officers, or nuclear product couriers 2.
2% of the remaining years of service times the high 3 average salary. If retired under the unique arrangement for Members of Congress or Congressional Employees 2. 5% of your high-3 average wage multiplied by your years and months of service as a Member of Congress and/or Congressional Employee, your military service while on a leave of lack as a Member and as much as 5 years of other military service, 1.
5% service, do not surpass ten years, 2% of your high-3 typical wage increased by your years of other service in excess of ten years Reductions in Non-Disability Annuity Age If you retire under the MRA +10 provision If you have 10 or more years of service and retire at the Minimum Retirement Age (MRA), your benefit will be lowered by 5/12 of 1% for each complete month (5% each year) that you were under age 62 on the date your annuity started.
If you hold off the beginning date of your annuity, the age decrease will be minimized or eliminated. The age decrease applies to both the Civil Service Retirement System and the Federal Employees Retirement System parts of your annuity, if you transferred to FERS and part of your annuity is calculated under the CSRS arrangement.
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The decrease is 1/6 of 1% (2% per year) for every month that you are under age 55 at the time of retirement. Look At This Piece If you are married, your advantage will be minimized for a survivor advantage, unless your partner consented to your election of less than a complete survivor annuity.
