Suggestions

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Support for US federal FERS pension

The US federal government has a complicated set of rules for their FERS pension. While it can be roughly modeled externally and added as custom income, integrating a calculator would be much easier.

Also FERS payout can change radically depending on retirement age, so seeing the impact of retiring earlier is quite valuable.

Related: www.opm.gov/retirement-center/fers-information/computation/

3 votes

Tagged as Suggestion

Suggested 20 May 2023 by user Corry Haines

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  • 20 May 2023 Corry Haines suggested this task

  • 20 May 2023 Kyle Nolan approved this task

  • avatar
    Thomas H

    A helpful starting point would be to allow the pension annuity percentage to follow a formula.

    For example, “Years Employed * % of Final Pay”, where the user can enter two parameters: (1) a Start Year of the employment and, (2) the percent per year worked (e.g. 1.1%)

    This would be helpful for running scenarios where you change the employment end date - or even where employment end is variable such as a FIRE threshold.

    08 February