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

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

   Calculating your high-3 for federal retirement depends on whether you worked under the Federal Employees Retirement System (FERS) or if you spent time under other retirement programs.

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

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

   Guaranteed retirement income. You receive a payout every month based on your salary, years of service and age. This predictable income helps you plan for long-term financial needs without worrying ...

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. General Schedule (US civil service pay scale) - Wikipedia

   en.wikipedia.org/wiki/General_Schedule_(US_civil...

   The locality pay adjustment is counted as part of the "high-3" salary in calculating Federal Employees Retirement System (FERS) and Civil Service Retirement System (CSRS) annuities, as well as the baseline for individuals having a percentage of salary deducted for deposit into the Thrift Savings Plan.

7. Here is the average income for retirees in the US - AOL

   www.aol.com/finance/average-income-retirees-us...

   For many Americans who count on Social Security as the foundation of retirement income, it’s next to impossible to make do. Social Security retirement benefits averaged $1,862 per month in 2024 ...

8. 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 ...

9. 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...