              CSRS FEDERAL RETIREMENT CALCULATOR
                         Version 4.0 
                          July 1993 
 ------------------------------------------------------------
                          DISCLAIMER                    
         The information presented in this program is an 
 approximation of your retirement benefits.  See your 
 personnel office for accurate retirement information. The 
 CSRS FEDERAL RETIREMENT CALCULATOR and Documentation are 
 provided 'As Is' without warranty of any kind (including the 
 implied warranties of merchantability and fitness for a 
 particular purpose).  No oral or written information or 
 advice provided by Decision Support Software, its dealers, 
 distributors, agents or employees shall create a warranty of 
 any kind regarding the CSRS FEDERAL RETIREMENT CALCULATOR, 
 and you may not rely upon such information or advice. 
 Neither Decision Support Software nor anyone else who has 
 been involved in the creation, production, or delivery of 
 the CSRS FEDERAL RETIREMENT CALCULATOR shall be liable for 
 any direct, indirect, consequential, or incidental damages 
 (including, but not limited to, damages for loss of business 
 profits, business interruption, and loss of business 
 information) arising from the use of (or inability to use) 
 the CSRS FEDERAL RETIREMENT CALCULATOR. 

                           GENERAL  
         How would you like to determine what your federal 
 retirement benefits would be if you retired tomorrow or 
 perhaps in a year or more?  But wait, what impact would an 
 average 4% yearly high three average increase have on your 
 benefits if you retired three years from now?  What if you 
 could save all or some of your sick leave for the next two 
 years.  Would that have a significant effect on your monthly 
 retirement check?  How much does survivor retirement cost in 
 terms of reducing a full retirement income?  If you decide 
 to retire early, what penalty do you pay?  Even though you 
 can add to your retirement benefits by waiting a few more 
 years before you retire, will inflation affect these 
 benefits? 

         This program will assist you in exploring retirement 
 benefits for you and your survivors.  By entering just a few 
 pieces of information, this program will provide you with 
 the answers to the above questions and several others.  You 
 will view impacts on your retirement income based on: when 
 you elect to retire, salary increases, sick leave 
 accumulation, early retirement penalties, electing survivor 
 benefits, and beneficiary income. 
         
         Either short or long term initial retirement 
 information is displayed in 12, one month or one year 
 increments for easy comparison.  All input information and 
 calculations are displayed and can be printed on a dot 
 matrix or laser printer. 
 
         AVERAGE INCOME FOR HIGH THREE EARNING YEARS
         This is the highest pay obtainable by averaging your 
 rates of basic pay in effect during any three consecutive 
 years of civilian service, with each rate multiplied by the 
 time it was in effect during the 36 month, high three 
 period. 
 
 Example
       14 Months at $19,000   14/36 x $19,000 =  $7,389
       10 Months at $20,000   10/36 x $20,000 =  $5,556
       12 Months at $21,000   12/36 x $21,000 =  $7,000
                                                 ======
  Average income for high three earning years = $19,945
 
             PROJECTED YEARLY HIGH THREE INCREASE
         You can approximate an annual increase in your 
 average high three earnings and view the results on a yearly 
 basis. 
 
                   SERVICE YEARS AND MONTHS
         Service years are computed based on your service 
 computation date - the years and whole months of creditable 
 civilian service. 
 
                          SICK LEAVE
         Sick leave is counted in one month increments.  
 Unused sick leave to your credit is added to your length of 
 service for annuity computation purposes.  Unused sick leave 
 cannot be used in computing your high three average pay or 
 for the purpose of meeting the minimum length of service 
 required for retirement eligibility.   

                       INFLATION FACTOR
         To view the impact inflation will have on your 
 annuity, estimate and enter an annual inflation rate.  The 
 amounts shown in the No Survivor, Survivor and Beneficiary 
 columns will be reduced by the inflation factor/rate.  These 
 adjusted annuities can be thought of as purchasing power in 
 today's dollars.  To view the actual annuities, enter 0 in 
 the Inflation Factor field. 

                     2% ANNUITY REDUCTION
         Retirement annuities are reduced by 1/6 of 1% for 
 each full month (2% for each full year) under the age of 55.  
 The amounts shown in the 2% per year column are annual 
 amounts of no survivor retirement income reduction. 

                       SURVIVOR ANNUITY
         The survivor annuity is calculated by reducing the 
 No Survivor annuity by 2 1/2% for the first $3600 and 10% 
 for the amount over $3600. 

                     BENEFICIARY ANNUITY
         The Beneficiary annuity is calculated by multiplying 
 the No Survivor annuity by 55%. 

               IMMEDIATE RETIREMENT ELIGIBILITY
         In general, immediate retirement eligibility is 
 based on two requirements: minimum age and minimum service 
 years as shown below.
  
                Minimum Age     Minimum Service
                -----------     ---------------
                     62                 5
                     60                20
                     55                30

         This program displays all combinations of age and 
 service.  However, immediate retirement ELIGIBILITY is 
 displayed with YELLOW NUMBERS on a BLUE BACKGROUND (LIGHT 
 NUMBERS on a DARK BACKGROUND on monochrome monitors).  
 INELIGIBILITY for immediate retirement is displayed with 
 YELLOW NUMBERS on a RED BACKGROUND (DARK NUMBERS on a LIGHT 
 BACKGROUND).  There are other conditions under which 
 retirement eligibility differs from the general case 
 depicted above. 
