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Reply to "Where does the "retirement" (not TSP contribution) allotment on paystub go?"
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[quote=Anonymous]OP here - thanks! I knew I was in the FERS system but I thought FERS was the name for the type of TSP, as opposed to the straight forward pension pre-1987 but now I see it's TSP+FERS. I ran the numbers of what my FERS pension would be based on this (http://www.opm.gov/retirement-services/fers-information/computation/) - is this the total amount you'll receive for your whole retirement? Given how big the number is, it must be right? How do they determine how much you get each month? Do you estimate that you'll live for at most 30 years post retirement and they just evenly divide it across those months? Sorry for the questions, it's just not clear when I read OPM.[/quote]
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