Article Title: Proposed Retirement Changes for Federal Employees
Snippet of Article: "...Currently, an employee’s annuity is calculated by using the highest three years of earnings. This is commonly referred to as the “high three.” The report recommends changing this calculation to using the highest five years of earnings instead of the high three...pay 4.4 percent of their salaries into the Federal Employees Retirement System (FERS)...Chained CPI and changing the high three to high five are significant for federal retirees..."
Source: www.fedsmith.com
