Q. I read in the Feb. 7 issue of Federal Times the affect that a high-5 would have on my annuity.  Do you know if employees will be given a date the high-5 will go into effect, so that they will have the opportunity to retire prior to the change?  With a large percent of CSRS employee eligible to retire now, I’d like to think that we would a least be given the opportunity to retire with our high-3 if we are eligible.  I am covered under the CSRS, with 35 years of service, but will not be eligible (age 55) until May 3, 2012, the date I plan to retire.

A. To date no bill has been introduced in Congress that would change the high-3 to a high-5. Speculation about whether one will be and how (or if) it would affect current employees would be a waste of time.


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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 fedexperts@federaltimes.com.

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