How to calculate fers retirement example - The Tech Edvocate

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Spread the loveThe Federal Employees Retirement System (FERS) is a three-tiered program comprising Social Security, Basic Annuity, and the Thrift Savings Plan (TSP). To understand your benefits and maximize your retirement income, it’s crucial to know how to calculate your FERS retirement. In this article, we will walk you through a step-by-step example for calculating FERS retirement benefits. Step 1: Determine Your Eligibility Before you can calculate your FERS retirement benefits, you must first ensure that you are eligible for retirement under FERS rules. Eligibility depends on your age and years of service: – Immediate/Optional Retirement: Minimum Retirement Age (MRA) […]