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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I cannot find the pension formula anywhere (including here) for FRB…are employees sworn to secrecy or something???  I am trying to figure out how a high 3 of 175k over 30 years would compare FERS vs FRB.  Any help would be appreciated.[/quote]

Federal Reserve--Assumes you are 65

Your final average salary (FAS--$175,000 in your example--includes bonuses) x 1.3% up to the Social Security integration level (currently just north of $86,000)

1.8% FAS in excess of Social Security Integration Level.

Sum is multiplied by years of creditable service (pre-Federal Reserve government and military service counts) to arrive at annual pension.

For a FAS of $175,000 at 65 with 30 years of service, this comes to an annual pension of $81,600 if I have calculated correctly.

This is simplified in that there are a slew of options that if chosen can affect the pension: survivorship benefits, taking cash out up front, annuity option, full Cola buy up (Cola in pension does not true for the 1% between 2% and 3% inflation, but you can buy full protection via lower pension), etc.
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PP, you are the most awesome person on the internet.  THANKS!  I wonder does the social security integration level change much over time (exposing my ignorance)...?[/quote]

Not PP but yes it absolutely is increasing every year.[/quote]

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