Q. I began federal employment at age 55. I hope to reach age 70 with 15 years of service. My goal is to add federal retirement with Social Security for maximum retirement. Could I potentially earn $1,666 per month, or 30 percent, with a base salary of $65,000?
A. Your FERS annuity would be 15 percent of your high-3 (.01 x your highest three years of average salary x your years and full months of service). To get an estimate of your Social Security benefit, go to http://ssa.gov/planners/benefitcalculators.htm and click on Quick Calculator.