This tool is designed to estimate potential retirement benefits for federal employees who are unable to continue working due to a medical condition. It uses data such as an individual’s years of service, high-3 average salary, and projected retirement date to provide an estimated monthly annuity payment. The resultant estimate helps individuals understand their financial standing should they be approved for disability retirement under the Civil Service Retirement System (CSRS) or the Federal Employees Retirement System (FERS).
Utilizing this estimator offers a crucial means of financial planning for those facing the prospect of early retirement due to disability. It enables affected employees to make informed decisions regarding their future financial security, considering factors such as healthcare costs and other living expenses. Historically, the availability of such estimation resources has significantly empowered employees to navigate the often-complex process of applying for and receiving disability retirement benefits, reducing uncertainty and promoting better financial preparedness.