Federal Employees Retirement Pension Calculation

The basic annual CSRS (Civil Service Retirement System) annuity is expressed as a percentage of your highest 3 years average salary. Your high 3 percentage is determined by a three-part formula based on your length of creditable service. You earn: 1.5% x High-3 x first five years of service plus 1.75% x High-3 x next five […]

Salaries and Benefits of US Congress Members

U.S. Congress salaries and benefits have been the source of taxpayer unhappiness and myths over the years. Here are some facts for your consideration. Rank-and-File Members: The current salary (2010) for rank-and-file members of the House and Senate is $174,000 per year. Members are free to turn down pay increase and some choose to do […]

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