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  2. How to Calculate Your High-3 for Federal Retirement - AOL

    www.aol.com/calculate-high-3-federal-retirement...

    Here are four situations that may reduce your federal retirement non-disability benefits: Age. Benefits may be reduced if you retire before the age of 62.

  3. Military retirement (United States) - Wikipedia

    en.wikipedia.org/wiki/Military_retirement...

    Under the National Defense Authorization Act of 1981, the military moved from calculating retirement benefits based on the "final pay," or base pay on the final day of active service, to the "High-3" system. [9] Under "High-3," the retirement payment of a service member would be based upon the average of the highest 36 months of base pay earned ...

  4. States That Don’t Tax Military Retirement in 2024 - AOL

    www.aol.com/states-don-t-tax-military-211818336.html

    Generally, military personnel must complete at least 20 years of active service in the U.S. Army, Navy, Air Force, Marine Corps, Coast Guard, or Space Force to qualify for military retirement.

  5. Federal Employees Retirement System - Wikipedia

    en.wikipedia.org/wiki/Federal_Employees...

    The FERS annuity is based on a specified percentage (either 1% or 1.1% for most employees, see below), multiplied by (a) the length of an employee's Federal service eligible for FERS retirement (referred to as "creditable Federal service", which may not be the actual duration of Federal employment) and (b) the average annual rate of basic pay ...

  6. Public employee pension plans in the United States - Wikipedia

    en.wikipedia.org/wiki/Public_employee_pension...

    Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...

  7. Do I Qualify For a Regular or Medical Retirement? - AOL

    www.aol.com/medical-vs-regular-retirement-know...

    Being placed on the Permanent Disability Retired List (PDRL) also entitles you to the full benefits of a military retiree and a monthly retirement check. Severance pay is also available as a one ...

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