candidman
Dryer sheet aficionado
They're going to recompute my FERS Disability Retirement to FERS Regular Retirement when I turn 62 in a few months. I'm anxious to know whether my annuity will be a little hiring or lower. I've been on disability since 2006, and I had nearly 20 years before that, giving me a total of 37 years of service.
My question is, how do they determine my new high three average salary when they recompute my annuity at 62. I don't want to call OPM, because the guy I spoke to today had nothing but negative information for me. Not only did he tell me the COLAs wouldn't be included, but he even told me they would multiply my high three average salary by only 1%, instead of 1.1%, even though I have over the 20 year requirement for them to multiply it by by 1.1%.
I think he meant they wouldn't include the COLAs I would have gotten if I kept working as a regular employee. Their COLA amounts are different from our COLA amounts, as well as the Social Security COLA amounts. This guy didn't make any of this clear to me, and I don't trust calling OPM again to give me my adjusted high three average salary, if they're able to. He also told me they would use my original high three average salary to recompute my annuity. But he didn't tell me it would include all the COLAs I've gotten over the last 17 years, which would make it much higher.
Anyway, if anybody had their FERS Disability Retirement recomputed to FERS Regular Retirement at 62, and was able to figure out the updated high three average salary OPM came up with, please let me know how you did it, or how they went about calculating it. Thanks.
My question is, how do they determine my new high three average salary when they recompute my annuity at 62. I don't want to call OPM, because the guy I spoke to today had nothing but negative information for me. Not only did he tell me the COLAs wouldn't be included, but he even told me they would multiply my high three average salary by only 1%, instead of 1.1%, even though I have over the 20 year requirement for them to multiply it by by 1.1%.
I think he meant they wouldn't include the COLAs I would have gotten if I kept working as a regular employee. Their COLA amounts are different from our COLA amounts, as well as the Social Security COLA amounts. This guy didn't make any of this clear to me, and I don't trust calling OPM again to give me my adjusted high three average salary, if they're able to. He also told me they would use my original high three average salary to recompute my annuity. But he didn't tell me it would include all the COLAs I've gotten over the last 17 years, which would make it much higher.
Anyway, if anybody had their FERS Disability Retirement recomputed to FERS Regular Retirement at 62, and was able to figure out the updated high three average salary OPM came up with, please let me know how you did it, or how they went about calculating it. Thanks.
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