Average Pension Amount for Federal Employee Retirement System (FERS)
Federal Retirement Income Estimates: Average FERS Pension System Amount
This article explores average pension amounts under FERS, eligibility requirements, and financial planning importance for federal retirees.
Understanding FERS Pension System
The Federal Employee Retirement System (FERS) is the retirement system covering most federal employees hired after 1983. It is a three-tiered system designed to provide comprehensive retirement packages through a basic annuity, Social Security benefits, and a Thrift Savings Plan (TSP).
Average Pension Amount by GS-Step and Length of Service
GS-1 to GS-4 Positions (average high-3: $34,164.00)
- Age 62 with 5 years: $142.35/month
- Age 62 with 20 years: $626.34/month
- MRA with 30 years: $854.10/month
GS-5 to GS-9 Positions (average high-3: $56,461.20)
- Age 62 with 5 years: $235.26/month
- Age 62 with 20 years: $1,035.12/month
- MRA with 30 years: $1,411.53/month
GS-10 to GS-15 Positions (average high-3: $113,332.17)
- Age 62 with 5 years: $472.22/month
- Age 62 with 20 years: $2,077.76/month
- MRA with 30 years: $2,833.30/month
