Continued from Part 4 a CSRS Employee Dissertation…
The guaranteed minimum is the lesser of 40% of your High-3 salary or the regular annuity calculation after increasing your service by adding the time between your retirement date and your 60th birthday.
This guaranteed minimum does not apply if you’re receiving military retired pay or compensation from the VA in lieu of part or all of the military retired pay. If the combination of your military retired pay and your earned annuity is less than the guaranteed minimum bid is increased to bring your total payments to figure into minimum rate.
The next few installments in the series will go over actual scenarios and how disability calculations are made for a CSRS employee (don’t worry FERS, you are next!)…
