FERS Postponed Retirement

A FERS Postponed Retirement is when you separate from service with at least 10 years of creditable service, and you have at least reached your MRA (Minimum Retirement Age). But instead of drawing your pension when you separate from service – you postpone it until later. Why would you postpone drawing your FERS retirement pension? […]

Your High 3 Salary

older man and woman

Your High 3 Salary is an important part of your pension calculation for federal retirement.  Your High 3 Salary is the highest average basic pay you earned during any 3 consecutive years of Federal service. You should also know that your High 3 Salary is calculated based on three *consecutive* years, NOT calendar years. So […]

Hawaii COLA and Locality Pay Rates

New legislation means that Hawaii COLA is being phased out, and Locality Pay is being phased in. Federal Employees in Non-Foreign Areas are now being transitioned from receiving COLA to Locality Pay. This change is taking place in 2010, 2011, and 2012. Locality Pay is being phased in, and COLA is being phased out. But […]