Overview. 1  This IRM provides definitions for terms and acronyms used in Revenue Financial Management (RFM). 2  The Office of Revenue Reporting, Revenue Financial Management (IFM), under the Chief Financial Officer (CFO), develops and maintains this IRM.
To calculate your TRS retirement benefits, use the following formula: 1  Multiply your years of service credit by 2.3 percent. 2  Determine the average of your five highest years of salary.*. 3  Multiply your average salary (from step 2) by the number from step  1.
The FERS retirement system stands on three legs: a defined annuity benefit, the special retirement supplement, and the Thrift Savings Plan. Take away any one of those legs and the system collapses. If the SRS were eliminated, most FERS employees couldnât afford to retire before age 62.