Table 1's will have to bail out if they are eligible for retirement....retirement based on high 3...If you get cut to the bone and stay too long then your retirement will take a big hit.
Retirement is based on your highest 36 month wage earnings. I'm table 1 and my highest was 5 years ago. It doesn't matter when you retire. Years of service and high 3 are the formula. Staying longer is a choice that only adds to your retirement.
<blockquote class="spPostEmbedQuote"><strong>Gotrope said </strong>
Retirement is based on your highest 36 month wage earnings. I'm table 1 and my highest was 5 years ago. It doesn't matter when you retire. Years of service and high 3 are the formula. Staying longer is a choice that only adds to your retirement. </blockquote>
Hey Go....I hope you are correct. I don't have a citation but it sticks in my crumbling brain that the high three has to be within a certain amount of years just before you retire. Anybody have a definitive answer?
ps...this is why we are lucky to have this site.... We can help each other.. It doesn't matter to me...I just retired....But I care just as much for my brothers and sisters still working. This info could be very important to some of them...<img alt="" src="my photos" width="5" height="5" />
klutz et al -- "I don’t have a citation but it sticks in my crumbling brain that the high three has to be within a certain amount of years just before you retire. Anybody have a definitive answer?"
-- From the opm.gov/retire web site: in part --
Your "high-3" average pay is the highest average basic pay you earn during <strong>any</strong> 3 consecutive years of service. These three years are usually your final three years of service, but can be an earlier period, if your basic pay was higher during that period.
