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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. 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.

  4. Federal Employees Retirement System - Wikipedia

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

    The Federal Employees' Retirement System (FERS) is the retirement system for employees within the United States civil service. FERS [1] became effective January 1, 1987, to replace the Civil Service Retirement System (CSRS) and to conform federal retirement plans in line with those in the private sector. [2] FERS consists of three major components:

  5. 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 ...

  6. What’s a Defined Benefit Plan? Pros, Cons and How It Compares

    www.aol.com/defined-benefit-plan-pros-cons...

    Feature. Defined Benefit Plan. Defined Contribution Plan. Retirement Benefit. Guarantees a specific monthly benefit at retirement, based on salary and years of service.

  7. The Federal Employees Retirement System (FERS) - AOL

    www.aol.com/news/federal-employees-retirement...

    There are plenty of retirement plans for workers: 401(k)s and pension plans set up through your employer, IRAs you can manage on your own and Social Security benefits available to every American ...

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