Quote:
Originally Posted by ColdNoMore
Really?
Given that even under the old CSRS, a person maxed out at 80% of 'high 3' at 40 years of service (a little earlier for certain classes)...please explain how your statement could be possible.
The Maximum CSRS Annuity |
It's true. So far, I have collected about 70 percent of my total career earnings in pension income. My income at retirement was about 12 times the salary I had when I started working, which is pretty typical for someone who went from a GS-7 to GS-14 over the years. I was under the old CSRS system for about 35 years.