Browsing: high-3

Q. I am a FERS GS-11 step 10 employee planning to retire at 66 with 25 years of federal service in 2016. Pensions are based on the high-3. Is the high-3 based on base pay for the grade and step or base plus locality percentage? The 2012 GS Base table shows 11 step 10 as $65,371. Base plus locality equals $77,138, or an addition of 14.16 percent or $11,767 over base. There is a large difference when calculating retirement figures using $65,371 versus $77,137.

Q. I retired from the Department of Housing and Urban Development on Jan. 3, 2007, after working there for 33½ years plus 1½ years of credit for accumulated sick leave. I elected to provide full survivor’s benefits to my wife. Can I determine what my annuity would have been had I not elected to provide full survivor’s benefits to my wife? I know this information was provided to me before I decided to retire, but I cannot locate those documents.

Q. I am a legacy U.S. Customs officer. When we switched over to law enforcement officer status, we were told we would be grandfathered in and therefore our retirement computation would go like this: high-3 x 10 years x 1 percent plus high-3 x 6 years x 1.7 percent. Is that true? Someone said I would have to work 20 years in a law enforcement position to get the enhanced 1.7 percent computation. I thought that was for those hired under the 1.7 percent enhanced retirement.

Q. I am an FERS GS with four years until I get my 20 under 6(c) law enforcement officer and a year and half after that until mandatory retirement. I have been offered a 6(c) job overseas — how is the high-3 calculated? Is it on the base level GS schedule (plus LEAP) I actually earn, or is it based on a modified amount of what I would have earned in DC — which is how the overseas postings on Foreign Service retirement seems to work? I am pretty sure all the COLA, post allowances and danger pays don’t calculate…

Q. In calculating a retiree’s high-3, do personnel consider the pay rate I should be receiving or the pay rate I am actually receiving? Under this pay freeze, I am a FS-01 Step 5, but I am being paid at the FS-01 Step 3 level. If I retired this year, would my annuity be calculated using the pay I should be receiving (at the Step 5 level) or usingthe pay I’m actually receiving (at the Step 3 level)?

Q. I am 57 and was a civilian firefighter for the Navy in FERS with 13 years of service. I was medically retired in 2001 and have been receiving a disability annuity since. I remember being told or having read that when I turn 62, my disability annuity will revert to a standard retirement, reducing my pension. A couple of years after I left the federal system, I found part-time work to help add to my income, staying well under the 80 percent requirement, but over the last two to three years, my medical issues have worsened, and I am…

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