Browsing: High-3

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…

Q. I’m a FERS employee and have three years before a full retirement. I have been detailing into an EAS 17 position for 120 days at a time with a two week separation each time due to contract rules. Will my higher detail base pay count toward my average high-3?

Q. I am 54 years old and have been working for the U.S. Postal Service for 22 years as a city carrier. Am I eligible for retirement? What percentage of my pay will I be able to receive? A. No, you aren’t eligible to retire now. However, you could resign from the government and apply for a deferred annuity under the MRA+10 provision. If you did, your annuity would be reduced by 5 percent for every year (5/12 percent per month) you were under age 60. Your annuity would be based on your high-3 and years of service as a FERS employee when you left.…

Q. I am 57 years old with 34 years of federal service, and I am under CSRS Offset. My agency offered the early buyout, but I turned it down. At that time, I was a GS-9/10. I recently received a GS-11, with hopes of retiring in three years. Does the high-3 apply if I was to retire prior to the three years?