Retirement Calculator - Blue Federal Credit Union
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Reductions in Special Needs Annuity Survivor Advantages If you are married, your benefit will be reduced for a survivor advantage, unless your spouse granted your election of less than a full survivor annuity. If the total of the survivor benefit(s) you choose equates to 50% of your advantage, your annuity is lowered by 10%.
Unpaid Service if "earned" annuity paid If you have a CSRS component in your annuity, the CSRS part of your benefit will be reduced by 10% of any deposit owed for CSRS non-deduction service carried out prior to October 1, 1982, unless the deposit was paid prior to retirement. Expense of Living Changes Your annuity will be increased for cost-of-living changes, if: You are over age 62; or You retired under the special provision for air traffic controllers, law enforcement personnel, or firemens; or You retired on disability, except when you are getting an impairment annuity based on 60% of your high-3 typical wage.
FERS retirees under age 62 who do not fall into among the classifications above, are not qualified for cost-of-living boosts up until they reach age 62. If you've been getting retirement benefits for less than 1 year and are eligible for a cost-of-living change, you'll get a portion of the cost-of-living boost.
This is a consolidation of the additional info boxes (Pop, Up boxes) available in the Federal Ballpark E$ timate and the assumptions utilized in the computations. This Website B C D E F G H I J K L M N O P Q R S T U V W X Y Z Annuity Rate Of Interest for TSP and non-TSP A Thrift Savings Plan (TSP) annuity offers earnings in the form of regular monthly payments for as long as you - and your joint annuitant, if you elect an annuity with survivor advantages - live.
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The elements that affect the amount of the regular monthly payments include: The annuity option you pick Your age when your annuity is purchased (and the age of your partner or other joint annuitant) The balance in the TSP account utilized to purchase your annuity The "rates of interest index" when your annuity is purchased For functions of the Federal Ballpark E$ timate, we will offer an estimated annuity based upon Single Life, increasing (inflation defense).