Does FERS annuity include locality pay?

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Is calculation for FERS annuity based on basic pay only OR + adjusted locality?

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Asked on August 8, 2017 9:59 pm
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mine is based on base pay only unfortunately- no overtime figured in
what is OR+?

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Answered on August 8, 2017 11:53 pm
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mine is based on base pay only unfortunately- no overtime figured in
what is OR+?

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Posted by (Questions: 0, Answers: 6)
Answered on August 8, 2017 11:53 pm
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m

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Answered on August 8, 2017 11:53 pm
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You FERS retirement is based on your high-3 average salary which includes locality pay. Once you have retired, there is no longer locality pay as it is based on work but any increase in your retirement check is called a Cost of Living Adjustment. (COLA), which is the same for everyone.

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Answered on August 9, 2017 2:53 pm
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