Potential annuity

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Q: What will my high-3 be if I retire at the age of 55 with 34 years of civil service?  My computation date is Nov. 10,1980. My retirement date is planned for Nov. 10, 2014.

A: I’ll give you the formula. You’ll have to do the arithmetic.
0.015 x your high-3 x 5 years of service, plus
0.0175 x your high-3 x 5 years of service, plus
0.02 x your high-3 x all remaining years and full months of service.
Additional months are created if you have any unused sick leave. You can find out how many you have by dividing your total unused sick leave hours by 174. Any hours left over are dropped.
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