Federal Employees Retirement System (FERS) Basic Benefit Plan - Based on Basic pay or Adjusted Pay

[Anonymous]

Can anyone who knows please advice if the Basic Benefit Plan for FERS is based on Basic Pay or Adjusted Pay (which basic + locality/market adjusted)?

So the 1% of annual pay that is accumulated for pension is it calculated for basic or adjusted?

Thank you!

[Anonymous]

The adjusted pay is actually called "Basic Adjusted Pay". So it is not clear what is used in the pension calculation.

[Anonymous]

Yes, locality pay is included in the calculation of your three-year high.

[Anonymous]

It's 1% of whatever you are paid "normally" for your locality.
https://www.opm.gov/retirement-center/calculators/fegli-calculator/basic-pay/#:~:text=Basic%20Pay%20is%20defined%20as,such%20as%20law%20enforcement%20officers

[Anonymous]

Anonymous wrote:It's 1% of whatever you are paid "normally" for your locality.
https://www.opm.gov/retirement-center/calculators/fegli-calculator/basic-pay/#:~:text=Basic%20Pay%20is%20defined%20as,such%20as%20law%20enforcement%20officers

Thank you! Exactly what I was looking for.

[Anonymous]

Can't you just look at your statement or pay stub anyway?