1. What is Veterans Administration Retirement?

Veterans Administration retirement under FERS (Federal Employees Retirement System) provides retirement benefits for eligible federal employees. The annuity is calculated based on years of service and the high-3 average salary.

2. How Does the Calculator Work?

The calculator uses the Veterans Administration retirement formula:

Where:

• \( YS \) — Years of Service (in years)
• \( H3 \) — High-3 Average Salary (in USD)

Explanation: The formula calculates 1% of the high-3 average salary multiplied by years of service to determine the annual retirement annuity.

3. Importance of Retirement Planning

Details: Proper retirement planning ensures financial security for federal employees after their service. Understanding your potential annuity helps in making informed decisions about retirement timing and financial preparation.

4. Using the Calculator

Tips: Enter your total years of federal service and your high-3 average salary (the average of your highest 3 consecutive years of basic pay). Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is considered "years of service" for VA retirement?
A: Years of service include all creditable federal service under FERS, including military service if deposit is made.

Q2: How is the high-3 average salary calculated?
A: It's the average of your highest 3 consecutive years of basic pay (not including bonuses or overtime).

Q3: Are there different percentages for more years of service?
A: For employees with 20+ years of service, the percentage increases to 1.1% per year for years over 20.

Q4: What age can I retire with VA benefits?
A: Minimum retirement age varies (55-57 depending on birth year) with 30 years service, or 60 with 20 years, or 62 with 5 years.

Q5: Does this include other retirement benefits?
A: This calculates only the FERS basic annuity. Social Security and TSP (Thrift Savings Plan) provide additional retirement income.