How Do You Calculate A CSRS Annuity?
A CSRS annuity refers to a retirement plan that is offered to individuals under the Civil Service Retirement System. In general, the payments you will receive are tied directly to your years of creditable service and your highest three-year average salary. Once the basic payment arrangement has been calculated, however, these payments can be reduced if you receive a refund of contributions or if you are retiring before age 55. Payments can also be reduced after your death when your [former] spouse continues to receive payments. Gather all of your retirement information, including your salary history. You need to know this to make your initial annuity calculation. Payment calculations are typically done in three steps and reflect payments that will be made over time. Determine your three highest-paying years of service and calculate the average income for those three years. Typically, your highest three years of service pay will be the last three years of service you worked. However, th
