Pension amount

0

Q. I retired from the military after 22 years of active duty and receive a VA pension and 10 percent disability pension. Since then, I have been in the federal government for 10 years, and I hope to retire at 20 years and 62 years old. What will my retirement look like?

A. While I have no idea what your military-related benefits will be, I can tell you that if you retire at age 60 with 20 years of civilian service, the following formula will be used: .011 x your high-3 x your years of service.

Share.

About Author

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

Leave A Reply