Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Re: Fed job and Pension
Old 09-17-2004, 12:48 PM   #21
Recycles dryer sheets
newellcr's Avatar
Join Date: Aug 2003
Posts: 187
Re: Fed job and Pension


Here is the link,



You might want to look at the link above. "Do I understand you to state that Fed Pensions don't use some kind of Acutary based sliding scale?" No, the FED pension is ok. It's more of an issue of when you can collect the benefits and if you will have to take a reduction. If you hit 30 or more years, there is no reduction to your pension, you can collect at the MRA and receive the SS supplement. With 29.9 years or less, you will have to take a reduced pension if you retire at the MRA (and then collect the SS supplement at age 60). With 29.9-20 years of service, you can wait until age 60 to retire and not have a reduced pension and collect the ss supplement at the same time.

If you leave service before age 60 (whether or not you retire) your pension is eroded by inflation. My 43% number was based on a reduction in the pension by inflation, taking the pension at the MRA with the reduction, a small reduction in the SS supplement from not adding SS credits which effects the SS supplement, and not adding years of service to the calculation. My 17% number was based on the effects of inflation to age 60, not adding years of service to the calculation, and a very slight reduction in the SS supplement. I took the numbers based on the benefits received at age 60 because this benefit age made the most sense to me.

Hopefully that helped.

Kind Regards to all,


newellcr is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Fed job and Pension
Old 09-17-2004, 09:49 PM   #22
Recycles dryer sheets
Join Date: Aug 2004
Location: Metro DC Area
Posts: 125
Re: Fed job and Pension

Or you can wait until age 62, and if you have 20 years of service, you will get a higher calculation using 1.1% of your high-3 salary per year of service (rather than 1%). I'm not sure why anyone would do this however, because this forum is about EARLY RETIREMENT.

This link is to the CSRS/FERS Handbook which is the playbook that OPM wrote for the retirement system:

When I calculate a FERS annuity supplement, I just type in all of the yearly pay adjustments where the employee was covered under FERS or CSRS-Interim or CSRS-Offset. I let the computer handle the rest.

daystar is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
help with pension options for my MIL WM FIRE and Money 23 05-08-2007 09:37 PM
Military pension and pay - how much is it past 20 Average Joe FIRE and Money 13 03-18-2007 10:22 AM
Europe struggling with pension issues Jay_Gatsby FIRE and Money 12 01-10-2006 09:32 AM
Getting BACK into a fed. govt. job? soupcxan Other topics 4 02-28-2005 08:28 AM
Hope for those who likely will have no pension? Susan Powell Young Dreamers 31 04-04-2004 04:43 PM


All times are GMT -6. The time now is 04:35 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.