How Much is a CSRS Retirement Annuity?
The amount of your basic annuity will depend primarily upon your length of service and your “high 3” average pay. The “high-3” is the highest pay obtainable by averaging your rates of basic pay in effect during any 3 consecutive years of civilian service. Each rate is weighted by the length of time it was in effect. Normally, this will be the last 3 years of service. Days of unused sick leave add to your length of service for annuity computation purposes – if you retire on an immediate annuity; however, unused sick leave is not used in computing “high-3” average pay or for meeting the minimum length of service required for eligibility. Limitation on Basic Annuity Your basic annuity cannot exceed 80% of your “high 3” average pay except with sick leave credit. Basic Annuity Formula The basic annuity formula is as follows: Take: 1.5% of the “high 3” average pay and multiply the result by years of service up to 5; Add: 1.75% of the “high 3” average pay multiplied by years of service betwee
