STEPS IN COMPUTING THE BASIC FERS ANNUITY 

  1. BASIC INFORMATION REQUIRED:
    NAME: ________________________
    AGE: ________________________
    FEDERAL SERVICE: ________________________

    (Include all creditable Military Service if Post-56 Deposit Paid)(Block 31 of SF-50b)

    CURRENT ANNUAL SALARY: ________________________ (Block 20 of SF-50b)

  2. TOTAL SERVICE:

    CREDITABLE SERVICE _____YRS_____MOS____DAYS

  3. PERCENTAGE:

IF UNDER AGE 62, OR OVER AGE 62 WITH LESS THAN 20 YEARS OF TOTAL SERVICE USE 1% (.01)

IF AT LEAST AGE 62, AND HAS 20 OR MORE YEARS OF TOTAL SERVICE USE 1.1% (.011)

  1. HIGH-3 AVERAGE SALARY:

    93% X _________(ANNUAL SALARY) = _________

  2. ANNUAL ANNUITY:

    _________% (STEP 3 OF FERS COMPUTATION WORKSHEET)

    X ___________ HIGH-3 (STEP 4) = ________________

  3. MONTHLY ANNUITY:

_____________ ANNUAL ANNUITY (STEP 5)

DIVIDED BY 12 = ________________ 

ADDITIONAL DEDUCTIONS: FEHB, FEGLI, SURVIVOR BENEFIT, TAXES

11/03/10