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Video instructions and help with filling out and completing Sf 3112
Hello hello Matt speak to Donna please this is Donna speaking hold on for a moment let me put you on speakerphone hi Donna my name is faith and I'm calling from the HR assured service center to conduct your optional retirement information session how are you doing today I'm kind of nervous but excited I understand how you're feeling I will be assisting you today with your retirement paperwork to ensure everything is completed correctly and providing you additional information this session is designed to guide you through the retirement process and pryou with information concerning the annuity survivor benefits health and life insurance and other benefits as well for your FERS retirement now please have your Bluebook annuity eour TR retirement plan correct report or the prior service history printout from your newly eready before we get started now are you ready to get started yes I've got my book an ein front of me great let's first review your annuity eand we're going to start at the top left quarter the top left quarter shows your credible service including 50 percent of your unused sick leave using full months and years of service and your high three average below beginning January the 1st of 2022 FERS employees will receive 100% credit for their unused sick leave the lower left quarter shows your salary for the past three years and high three average salary does the high three average include my current higher level detail assignment No ashna's do not include higher level detail overtime or night differential however the office of personnel management will use the higher level detail to compute your high three average salary again I would like to reiterate that over time and night differential is not included in your high three average I understand now moving to the lower right quarter shows what your gross annual monthly annuity payment would be with and without a survivors annuity based on your retirement computation date and annuity computation date what is the difference between retirement computation date and annuity computation date the retirement computation date is used to determine your eligibility to retire annuity computation date is used to compute the actual amount of your annuity for more detail an explanation is provided with your annuity eoh okay in addition for employees who retire at the minimum retirement age with at least 10 years but less than 30 years of service the annuity will be reduced at the rate of 5/12 of 1% per month or 5 percent for each year you are under age 62 the annuity already reflects the age reduction as my health insurance already been taken out of this amount know the amount shown is the gross amount no benefit premiums have been withheld let's move to the top right quarter which reflects your retirement contributions annual leave earned balance terminal leave payment based on the date this report was calculated and your current.