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2. 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 ...

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

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

   If you transferred into the FERS after spending at least five years covered by the Civil Service Retirement System (CSRS) or Social Security, your annuity will have two components. Each of these ...

4. Congressional pension - Wikipedia

   en.wikipedia.org/wiki/Congressional_pension

   The basic retirement annuity under FERS is equal to the (Average High-3 Salary x .017 x Years of Service through 20 years)+(High-3 Salary x .01 x Years of Service over 20)= Annual Pension Members who began congressional service before 1984 and who elected to join FERS will receive credit under FERS from January 1, 1984, forward.

5. Lump sum payout vs. annuity from a pension: How to decide - AOL

   www.aol.com/finance/lump-sum-payout-vs-annuity...

   4. Your risk tolerance. Your comfort level with investment risk is a critical factor in deciding between a lump sum and an annuity. A lump sum exposes you to a lot of risk. Invest the money too ...

6. Thrift Savings Plan - Wikipedia

   en.wikipedia.org/wiki/Thrift_Savings_Plan

   Thrift Savings Plan. TSP logo. The Thrift Savings Plan (TSP) is a defined contribution plan for United States civil service employees and retirees as well as for members of the uniformed services. As of December 31, 2023, TSP has approximately 7 million participants (of which approximately 4.1 million are actively participating through payroll ...

7. How to calculate the present and future value of annuities - AOL

   www.aol.com/finance/calculate-present-future...

   Therefore, the future value of your annuity due with $1,000 annual payments at a 5 percent interest rate for five years would be about $5,801.91.