Math issue
Calculates penalty for 60 to 62 incorrectly if between 10 and 20 years of service.
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About
Estimate and visualize your Federal Employees Retirement System (FERS) pension benefits. Explore different retirement scenarios and adjust key factors like salary and service history with interactive tools. Plan your financial future with confidence.
✓FERS pension estimates
✓Multiple retirement path exploration
✓Interactive graphs and sliders
✓On-device data security
✓Visualize projections
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What's New in MyFedPension
1.03
January 31, 2025
Improved clarity of pension estimate details, including MRA+10 penalty and survivor benefit reductions on Insight menu Enhanced explanations of retirement eligibility paths Streamlined report formatting for better readability on iPhone screens Minor language refinements for accuracy and user clarity
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FAQ
What is MyFedPension?
MyFedPension is a tool designed to help federal employees estimate and visualize their Federal Employees Retirement System (FERS) pension benefits. It allows you to calculate your annuity based on various factors and explore different retirement scenarios.
How accurate are the pension estimates in MyFedPension?
The app calculates FERS annuity based on salary, service history, and retirement date inputs. While it provides estimates, actual pension amounts may vary and are subject to official calculations by the relevant government agencies.
What retirement paths can I explore with MyFedPension?
MyFedPension allows you to explore eligibility for different retirement paths, including MRA+10, early retirement, and full immediate annuity. You can adjust parameters to see how they affect your eligibility for each.
Is my personal financial data secure with MyFedPension?
Yes, MyFedPension prioritizes privacy by keeping your data securely on your device. It is designed with a 'Privacy First' approach, meaning your sensitive information does not leave your phone or tablet.
Does MyFedPension have ads?
Yes, MyFedPension contains advertisements. As a free application, it utilizes ads to support its development and maintenance.
What devices is MyFedPension available on?
MyFedPension is available on iPhone, iPad, and iPod devices. It is designed for iOS users who want to manage their retirement planning on the go.
How often is MyFedPension updated?
The latest version of MyFedPension is 1.03, which was last updated on January 31, 2025. Updates typically include improvements to features, bug fixes, and performance enhancements.
What is the age rating for MyFedPension?
MyFedPension has an age rating of 4+. This indicates that the content is generally suitable for all ages, with no mature themes or potentially disturbing material.
