Economic Systems Inc. (ESI),
developers of the Federal Employees Retirement Calculator, has offered the
use of their application at no cost for the 2003 fiscal year. Our grateful
thanks to ESI for this generous gift to our civil servants.
Welcome to
FirstGov for Senior's web site for federal employees. With this
calculation model you can compute an estimate of your CSRS, CSRS Offset
and FERS retirement benefits -- normal, early or disability -- as well as
an estimate of your future TSP savings and Social Security
benefits.
This model is designed for almost
all
federal employees, including those in special occupations such as law
enforcement, firefighters, air traffic controllers, and those under the
Congressional retirement rules. Foreign Service is currently
excluded from this calculator.
You may also compute a comparison
of CSRS and FERS benefits. Many employees don't know that when a
CSRS (or CSRS Offset) employee leaves government and returns there is a
6-month window of the opportunity to elect FERS. For detailed
information to assist you in making an election decision, visit OPM's FERS Election
Opportunities Home Page.
This model gives a reasonably accurate
estimate of your benefits. HOWEVER, see
below if you have part-time, temporary or
military service, or took a refund of your retirement contributions that
you have not repaid.
Please have the following
information on hand before going to the Calculator page:
Caveats:
Extra care must be taken when entering data
for part-time employment, especially with regard to the high-three.
These calculations are difficult, and the instructions for them will be
improved in the near future. Until then, please contact your personnel
office for an accurate estimate of your high-three.
The calculator asks for a service computation date
(SCD). Many agencies post a date on leave slips that corresponds to
the SCD (for tracking vacation and leave time), but this may not be true
for everyone, especially if you have temporary or
military service, or took a refund of your retirement contributions that
you have not repaid. The estimate you compute may be higher that your
actual benefits. You should ask your personnel
office to provide the correct SCD for retirement purposes.