Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
To get in the ballpark: Determine your high 3 year average income. Include base pay and locality pay but no bonuses or overtime. Multiply by (2%*the years of service - 3.75%). For 30 years this will be 56.25% of your annual pay. If you have a living spouse or former spouse, multiply by about 90%. (The number is something like 100% of the previous number minus $90 minus 10% of the amount of your high 3 year average above $3600). That pays for a survivor annuity to your spouse after you die. If you are under 55 years of age, you subtract another 2% per year under age 55.

Of course, you still have FEHB (medical insurance) to pay for (the same amount as if you were still working) and FEGLI (life insurance) and income tax withholding. Also, the checks are monthly.

I hope that this helps. JWR
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.