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  2. 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.

  3. Federal Employees Retirement System - Wikipedia

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

    The "high-3" period normally is the final three years of service but does not have to be (e.g. an employee taking a voluntary downgrade to avoid a reduction-in-force (RIF) could have a high-3 period in an earlier time frame). The FERS annuity is structured to provide employees an incentive to continue working for at least 20 years in Federal ...

  4. Civil Service Retirement System - Wikipedia

    en.wikipedia.org/wiki/Civil_Service_Retirement...

    Employees hired after 1983 are required to be covered by the Federal Employees Retirement System (FERS), which is a three tiered retirement system with a smaller defined benefit (pension), Social Security, and a 401(k)-style system called the Thrift Savings Plan (TSP). The defined benefits of both the CSRS and the FERS systems are paid out of ...

  5. Social Security: New Proposal for Higher COLA Bump for ...

    www.aol.com/social-security-proposal-higher-cola...

    A new bill has been introduced in Congress that would increase the annual cost of living adjustment (COLA) for retired federal employees under the Federal Employees Retirement System (FERS) in some...

  6. How Much Do I Need To Retire? Retirement Calculator and Tips

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  7. How Much Will Social Security Pay Me in Retirement? Here’s ...

    www.aol.com/finance/much-social-security-pay...

    Delayed retirement credits can only be earned until age 70. Based on this formula, the two most important factors that determine the size of your checks are: Your income over the 35 years that are ...

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