Title: Lawmakers insert federal pension provisions in highway bill
Article Snip: "...a high-five average salary calculation for annuities rather than the current high-three average pay calculation. The current Federal Employees Retirement System-defined benefit pension is calculated by taking the retiree's three highest salaries and dividing it by years of service and a variable pension accrual rate. ..."
Reference: www.govexec.com
No comments:
Post a Comment