Tuesday, May 6, 2008

FERS Special Retirement Supplement

QUESTION: Does the Special Supplement approximate the amount of Social Security I will get at age 62?

ANSWER: No. The Special Supplement approximates the portion of an estimated Social Security benefit that you would earn during civilian service that is creditable toward the FERS portion of your annuity. Since the formula for the Special Supplement assumes a working life of 40 years, each year of FERS service is worth one-fortieth of the estimated Social Security benefit.

This information and more on the FERS Social Security Supplement can be found at the U.S. Office of Personnel Management Online

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