AUSA Pension

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IamKrisBars

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AUSA Pension

Postby IamKrisBars » Fri Feb 23, 2018 3:36 am

Does anyone know if it is the typical 30 years or if a DOJ attorney is eligible for full after 20 similar to LEO?

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Re: AUSA Pension

Postby Anonymous User » Fri Feb 23, 2018 11:06 am

IamKrisBars wrote:Does anyone know if it is the typical 30 years or if a DOJ attorney is eligible for full after 20 similar to LEO?


The DOJ Attorney Pension is different from a DOJ LEO Pension

DOJ Attorney: with at least 20 years of service and a retirement age of 62, you will receive 1.1% for each year of service multiplied by your average high 3 salary.

For LEOs its 1.7% of your high-3 average salary multiplied by your years of service which do not exceed 20, PLUS
1% of your high-3 average salary multiplied by your service exceeding 20 years. Mandatory retirement at 57.

So for example, you being your career as a DOJ attorney at 30. At 62 you retire. You would multiple your years of service (32) by 1.1%(because greater than 20 years of service and retiring at 62) which is 35.2%. For arguments sake lets say you are retiring today, with 32 years you will likely be maxed at 164,200 for the past 3 years. 164,200 x 35.2%= 57,798 in annual annuity.

For a LEO starting his career at 30. 57 mandatory retirement. Years of service (27) multiply 20 by 1.7% and 7 by 1% for a total of 41%. Most agents retire in the Journeyman GS 13 scale, unless they become supervisors (GS, ASAC, SAC). For examples sake, in Washington DC top pay at a GS 13 is 126,062. 126,062 x 41%=51,685 in annual annuity.

I hope this helps.



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