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Annuity under FERS

By Mike Miles on December 9, 2016 FERS

Q. When one retires under FERS, is it the last three years’ annual salary or the last three highest salaries that determine the benefits?

A. Your High-3 is computed using the 36 consecutive months of salary history that produces the greatest sum.

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Mike Miles

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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About the Author

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.
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