High 3


Q. If Congress changes the CSRS retirement calculation from High 3 to High 5 and it is signed by the president and it becomes effective Oct. 1, then what would be the optimum CSRS retirement date for those eligible to retire under High 3?

A.  An “if” questions like yours would require that I accept an unfounded assumption and then guess what a law that flowed from it would set as an effective date and how and when it would affect current employees. Ask me again if a bill is actually introduced. Even then, my answer will be based solely on what that bill says, not what may or may not happen in the long run.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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