Q. I’ve been with the government for 15 years. How much monthly pension will I get after retiring at 62? I make about $45,000 per year.
A. You can calculate your pension by using the following formula: .01 multiplied by the average of your highest three consecutive years of basic pay, multiplied by your years and full months of service. However, if you retire at age 62 with at least 20 years of service, the multiplier (.01) will be increased to .11.