Quote:
Originally Posted by DougVA
Correct me if I'm wrong, but I believe 3@50 is for law enforcement. Other Federal employees generally get 1.7% of highest salary (actually, average of the highest three years of salary) as pension.
As a former non-law enforcement Federal retiree, I'll just say that 3@50 is not enough for the law enforcement officers I worked with. It's hard to quantify putting your life on the line day in, day out.
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1.5% x high-3 x first five years of service
plus 1.75% x high-3 x next five years of service
plus 2.0% x high-3 x all years of service over 10
https://ask.fedweek.com/federal-reti...deral-annuity/
3% is very fair, for a job wherein you stake your lives on.