Q. My retirement plan is CSRS Offset. I have 35 years of civil service will be 55 years old in February. I have been a GG-12, Step 7 for the past three years. What will be the percentage of my high-3, and what year can I retire?
A. You can retire on an immediate annuity at age 55. I’ll give you the formula so you can figure out the percentage of your high-3 you’d receive:
.015 x your high-3 x 5 years of service, plus
.0175 x your high-3 x 5 years of service, plus
.02 x your high-3 x all remaining years and full months of service.