Q. What is the “special retirement supplement benefit?” If you cannot explain it completely & concisely, where I can find everything there is to know on this subject?
A. The special retirement supplement (SRS) is paid to FERS employees who have reached their minimum retirement age (MRA) and retired on an immediate annuity. It approximates the amount of Social Security benefit they earned while employed under FERS. It is paid out of the Civil Service Retirement and Disability Fund until age 62, when they become eligible for a Social Security benefit. The SRS can be reduced or suspended if a retiree’s earnings from wages or self employment exceed the annual Social Security earnings limit. One dollar in Social Security benefits will be deducted for every $2 earned above that limit, which is $14,160 in 2010.