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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. 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 ...

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. 5 ways to tell if you’re on track for retirement — and 5 ...

   www.aol.com/finance/5-ways-tell-track-retirement...

   3. Use an online retirement calculator. Now it’s time to zoom in a little. To get a clearer snapshot of your progress, use an online retirement calculator.

6. 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 ...

7. 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...