On February 27, 2017, the Internal Revenue Service published updates to Publication 721, “Tax Guide to U.S. Civil Service Retirement Benefits,” specifically referencing IRS Notice 2016-39, addressing the tax treatment of phased retirements. The present value factors referenced in Notice 2016-39 that are to be used for CSRS and FERS phased retirees will be updated and archived on this page.
(Please consult your tax advisor or contact IRS with any tax-related questions.)
CSRS Present Value Factor Chart
Use this Chart if you are:
- a phased employee/retiree and
- retired under the Civil Service Retirement System (CSRS)
First, locate the column showing the factors in effect as of your phased retirement annuity commencing date. For example, if your phased retirement began on May 17, 2015, then you would use the factors under the Oct. 1, 2014 column.
Then locate your age as of your phased retirement annuity commencing date.
The factor next to your age is your “present value factor” or PVF.
Age at Retirement | Oct-01-2014 | Oct-01-2015 |
45 |
303.8 |
308.5 |
46 |
299.4 |
303.8 |
47 |
294.7 |
299.0 |
48 |
290.0 |
294.2 |
49 |
285.0 |
289.4 |
50 |
280.0 |
284.5 |
51 |
274.9 |
279.6 |
52 |
269.7 |
274.5 |
53 |
264.5 |
269.2 |
54 |
259.1 |
263.7 |
55 |
253.6 |
258.0 |
56 |
248.0 |
252.1 |
57 |
242.3 |
246.2 |
58 |
236.5 |
240.1 |
59 |
230.5 |
233.8 |
60 |
224.4 |
227.5 |
61 |
218.3 |
221.1 |
62 |
212.1 |
214.6 |
63 |
205.8 |
208.0 |
64 |
199.4 |
201.3 |
65 |
192.9 |
194.6 |
66 |
186.4 |
187.9 |
67 |
179.9 |
181.1 |
68 |
173.3 |
174.3 |
69 |
166.7 |
167.5 |
70 |
160.0 |
160.6 |
71 |
153.4 |
153.8 |
72 |
146.7 |
147.0 |
73 |
140.1 |
140.2 |
74 |
133.5 |
133.5 |
75 |
127.0 |
126.9 |
76 |
120.7 |
120.5 |
77 |
114.4 |
114.2 |
78 |
108.3 |
108.0 |
79 |
102.3 |
102.0 |
80 |
96.5 |
96.2 |
81 |
90.9 |
90.5 |
82 |
85.4 |
85.1 |
83 |
80.2 |
79.8 |
84 |
75.2 |
74.8 |
85 |
70.3 |
69.9 |
86 |
65.7 |
65.3 |
87 |
61.2 |
60.8 |
88 |
56.9 |
56.6 |
89 |
52.9 |
52.6 |
90 |
49.2 |
48.8 |
91 |
45.7 |
45.4 |
92 |
42.4 |
42.2 |
93 |
39.5 |
39.2 |
94 |
36.8 |
36.5 |
95 |
34.4 |
34.2 |
96 |
32.3 |
32.1 |
97 |
30.3 |
30.2 |
98 |
28.6 |
28.4 |
99 |
26.9 |
26.7 |
100 |
25.4 |
25.1 |
101 |
24.1 |
23.9 |
102 |
22.8 |
22.6 |
103 |
21.6 |
21.3 |
104 |
20.8 |
20.3 |
105 |
20.2 |
19.5 |
106 |
19.3 |
18.5 |
107 |
17.7 |
16.5 |
108 |
14.8 |
12.9 |
109 |
9.5 |
6.4 |
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FERS Present Value Factor Chart
Use this Chart if:
- If you are a phased employee/retiree and
- retired under the Federal Employees Retirement System (FERS)
First, locate the column showing the factors in effect as of your phased retirement annuity commencing date. For example, if your phased retirement began on February 7, 2016, then you would use the factors under the Oct. 1, 2015 column.
Then locate your age as of your phased retirement annuity commencing date.
The factor next to your age is your “present value factor” or PVF.
Age at Retirement | Oct-01-2014 | Oct-01-2015 |
45 |
212.5 |
214.6 |
46 |
211.9 |
214.0 |
47 |
211.3 |
213.4 |
48 |
210.7 |
212.8 |
49 |
209.9 |
212.2 |
50 |
209.2 |
211.7 |
51 |
208.4 |
211.1 |
52 |
207.7 |
210.5 |
53 |
206.9 |
209.8 |
54 |
206.1 |
209.0 |
55 |
205.3 |
208.2 |
56 |
204.4 |
207.2 |
57 |
203.5 |
206.2 |
58 |
202.6 |
205.1 |
59 |
201.7 |
204.1 |
60 |
200.7 |
203.0 |
61 |
199.8 |
201.9 |
62 |
198.9 |
200.8 |
63 |
193.3 |
195.0 |
64 |
187.7 |
189.1 |
65 |
182.0 |
183.2 |
66 |
176.2 |
177.2 |
67 |
170.3 |
171.2 |
68 |
164.4 |
165.1 |
69 |
158.4 |
158.9 |
70 |
152.4 |
152.8 |
71 |
146.3 |
146.6 |
72 |
140.3 |
140.4 |
73 |
134.2 |
134.2 |
74 |
128.1 |
128.0 |
75 |
122.1 |
121.9 |
76 |
116.2 |
116.0 |
77 |
110.4 |
110.1 |
78 |
104.7 |
104.3 |
79 |
99.1 |
98.7 |
80 |
93.6 |
93.2 |
81 |
88.3 |
87.9 |
82 |
83.1 |
82.7 |
83 |
78.2 |
77.8 |
84 |
73.4 |
72.9 |
85 |
68.7 |
68.3 |
86 |
64.3 |
63.9 |
87 |
60.0 |
59.6 |
88 |
55.9 |
55.5 |
89 |
52.0 |
51.6 |
90 |
48.4 |
48.0 |
91 |
45.0 |
44.7 |
92 |
41.8 |
41.6 |
93 |
38.9 |
38.7 |
94 |
36.3 |
36.1 |
95 |
34.0 |
33.8 |
96 |
31.9 |
31.7 |
97 |
30.0 |
29.9 |
98 |
28.3 |
28.1 |
99 |
26.7 |
26.4 |
100 |
25.2 |
24.9 |
101 |
23.9 |
23.7 |
102 |
22.6 |
22.5 |
103 |
21.5 |
21.2 |
104 |
20.7 |
20.2 |
105 |
20.1 |
19.4 |
106 |
19.2 |
18.4 |
107 |
17.7 |
16.5 |
108 |
14.8 |
12.9 |
109 |
9.5 |
6.4 |
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