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High-3

By militaryonline on May 18, 2018 annuity, DOWNSIZING, FERS, High-3, High-3, Military service deposits, PAY, RETIREMENT, VERA, VERA

Q. I retired on a VERA with 25 years of service (22 years FERS and five years military) at age 47. When I reach 62, does my annuity go to 1.1 percent based on my high-3 years in service?

A. No, it doesn’t.

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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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