Payroll Personnel Output (PPO)

Appendix D: Civil Service Retirement System (CSRS) and CSRS-Offset Retirement (Retirement Coverage Codes 1, C, and R)

Unreduced retirement benefits are available at the following age and service combinations:

• At least age 55 with 30 or more years of service.
• At least age 60 with 20 or more years of service.
• At least age 62 with 5 or more years of service.

Retirement Formulas Used:

If the Retirement High-3 is less than $5,000:

1. Compute [(Retirement High-3 x 1%) + $25].
2. Compute [Step 1 x Years of Service].
3. Compute [Step 2 / 12] (subject to a maximum of [(Retirement High-3 x 80%) / 12]).

   For part-time employees (Work Schedules P, Q, S, and T), the monthly annuity is then prorated by the employee's PP Pay Period 01 tour of duty. This is done because the tour-of-duty proration is not available.

4. Compute [Step 3 x (PP Pay Period 01 Tour-of-Duty Hours / 80)].

If the Retirement High-3 is $5,000 or more:

1. Compute [1.50% x First 5 Years of Service].
2. Compute [1.75% x Second 5 Years of Service].
3. Compute [2% x Remaining Years of Service].
4. Compute [Step 1 + Step 2 + Step 3].
5. Compute [Retirement High-3 x Step 4].
6. Compute [Step 5 x 12] (subject to a maximum of [(Retirement High-3 x 80%) x 12]).

   For part-time employees (Work Schedules P, Q, S, and T), the monthly annuity is then prorated by the employee's PP Pay Period 01 tour of duty. This is done because the full tour-of-duty proration is not available.

7. Compute [Step 6 x (PP Pay Period 01 Tour-of-Duty Hours / 80)].