Annuity calculation


Q. Under FERS my average annual salary is $79,077. I’m age 64 and started working in 2012. I’m told that the earliest I can retire is age 62 and five years of service. When I retire, what would my retirement annuity be?

A. You can figure that out using the following formula: .01 x the average of your highest three consecutive years of basic pay x your years of service


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

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