Q. Would an annuity based on 16 years’ service be more than one based on five years?
A. Yes, it would. That’s because annuities are based on a formula where one of the factors is years of service. Here’s the FERS formula:
.01 X all years and full months of service X the average of the highest three consecutive years of basic pay
2 Comments
Aside from “Estimate” I also want to see the actual computation of my Annuity. How come she didn’t provide me her computation. Is it confidential?
Thanks
The computation of an annuity by your personnel office is an approximation and it isn’t confidential.