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Apers Arkansas Retirement Forms

Apers Arkansas Retirement Forms

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most people are not familiar with the concept of a pension and this makes sense because over the past 70 to 75 years it's been disappearing but the government is one of the last places you can actually still get one but how much would it be for you and how would you get it this is how you calculate it high three salary times years of service time 1% High three salary is the average of the top three years so if you were a gs13 in Washington DC between step three and 5 it would average out to $123,000 a year so that is the number that you would use also with the number 1% it could be 1.1% if you decide to take the pension at 62 years old with 20 years of service so that means if you decide to wait you could end up with a 10% increase in your pension amount so that takes us to the next question when can you start drawing it when can you receive the pension a lot of people get this wrong they think for some reason it's 20 years or it has to be 30 years and in some cases you

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