Ask The Experts: Retirement

By Reg Jones

Annuity calculation

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Q. I am 62 and have been employed by civil service for 2½ years. If I stay 2½ more years and retire with five years (the last 3½ as a GS-9), what can I expect from the retirement system?

A. You can estimate what your annuity would be by using the following formula: .01 x your high-3 x your years of service. In other words, your annuity would equal 5 percent of the average of you highest three consecutive years of basic pay.

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