Annuity calculation


Q. I began federal employment at age 55. I hope to reach age 70 with 15 years of service. My goal is to add federal retirement with Social Security for maximum retirement. Could I potentially earn $1,666 per month, or 30 percent, with a base salary of $65,000?

A. Your FERS annuity would be 15 percent of your high-3 (.01 x your highest three years of average salary x your years and full months of service). To get an estimate of your Social Security benefit, go to and click on Quick Calculator.


About Author

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

Comments are closed.