Q: I am considering retiring at the end of the year due to the possible changes to CSRS pension calculations from the current high-3 average to a high-5 average. I have been keeping abreast of proposals and know there is nothing definite from Congress yet. I am already close to my high-3 average and I am topped out in my pay grade. I don’t want to be put into a situation where I would have to stay two more years, until age 59, to get essentially the same average. Of course, this does not count the extra 2 percent per year additional that is added for additional years of service. There is also the possibility of no additional COLA, too. What are your thoughts on the proper course of action? Do you think Congress will make the high-5 average applicable to currently eligible CSRS employees?
A: What Congress might do is unknown and, at present, unknowable; therefore, you are on your own when it comes to making a decision about whether and when to retire.
