Browsing: High-3

Q. How does one calculate top three? Is that the amount you make annually for the last three years of your top salary? For example: .01 x $62,000 x 20 (with $62,000 being the average of one’s top 3).

Q. I think I joined the federal workforce way too early. According to my service computation date, I will have reached 30 years on Aug. 8, 2018 — mere days after I turn 49 — and I’m guessing my earliest possible retirement date will be Dec. 31, 2018. Of course, this is all information I have gleaned from my research. My somewhat pessimistic guess is something will change that retirement date between now and then and kick it down the road beyond Dec. 31, 2018. What do you think?

Q. I am 63 and have 28 years of paying Social Security under CSRS Offset, and 13 years of CSRS. For CSRS Offset, they show a reduction of Social Security to almost 50 percent due to the windfall; yet with the Offset, it appears that I still will be getting the same total retirement amount (approximately 80 percent of High-3) between Social Security and windfall. If I kept working under Social Security until I hit 30 years, will the CSRS annuity be reduced based on the increased Social Security so its stays within the approximate 80 percent of my High-3, or will it increase based on the…

Q. I was forced to take medical leave because I slipped and fell in the ice and snow. The injury caused a severe illness, and eventually my agency separated me on disability retirement. Later I was awarded Social Security Disability Insurance. They offset my disability annuity by the same amount, so I have to pay the Office of Personnel and Management back the same amount I received from SSDI. It seems like I shouldn’t have applied for SSDI if they were going to deduct the amount of the SSDI from my disability benefit. What do you think?

Q. Working to Jan. 3, 2018, means an employee leaves the second Thursday of the first pay period of 2018 with 3 days (Jan. 4-6) not worked. Is a partial sick or annual leave benefit calculated and added for the worked days in the partial pay period? Also, is there an online calculator to calculate a retirees annuity and the additional days necessary to add one month using data from one’s High-3, time in service, and annual and sick-leave balances?

Q. Is locality calculated separately from base pay for retirement? Is locality also a high-3 calculation, or is it based on locality of location when you retire, or is it the locality where you earned your high-3 base pay? If my locality is reduced because base pay plus locality exceed the cap, is retirement annuity calculated from the capped number or full base pay and full locality?

Q. I retired on disability in 2000 after 24 years with USPS. A few year prior to that, when FERS was launched, I switched from CSRS to FERS. Now, in August of this year my disability retirement will convert to regular retirement. I understand the following will happen: 1. The additional 16 years I have been on retirement will be credited to my service. 2. All the time AFTER I switched to FERS will have the annuity calculated at 1.1 percent of my high-3 average per year. 3 All the time BEFORE my switch to FERS will be calculated under the…