Basic pay for retirement

2

Q. As a WG/WL shift worker who change days off every four weeks and works Sunday premium days and all holidays, can I count on these extras in my retirement pot? I am almost certain that overtime and bonuses are not included. I have looked in 2012/2011 almanac for the answer. To me, the almanac is geared toward the GS side of the family. I am planning on retiring soon after 41 years. From what I can see, my high-3 is based on straight M-F day shift base pay.

A. To find out what’s included in basic pay for retirement purposes, go to www.opm.gov/retirement-services/publications-forms/csrsfers-handbook/c030.pdf and scroll to Section 30A1.1-2B.

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.

2 Comments

    • Because you will be age 62 and have at least 20 years of service, the following formula will be used to calculate your annuity:
      .011 X the average of your highest three consecutive years of basic pay X 25

Leave A Reply