i believe that after 20 years of service you get 1.1% for each total years of service. if you have less than 20 years in, then you get 1% per year. all the other rules about minimum retirement age, social security, etc. still apply.
so after 30 years of service your fers pension should be 30 years x 1.1% of average high 3 salary, or about 1/3rd of what you made while working. if you are really good then tsp withdrawals might provide you with another 1/3rd. and if you are really lucky the social security empty lockbox won't be busto and can still borrow from current wage earners to provide you with another 1/3rd. this is why they call it a 3-legged stool i think. then you can sit around in your own stool and enjoy retirement with virtually no loss of income.
Bookmarks