Q: Regarding the article in the May 16 Federal Times “How to Calculate SRS Benefit”: The first paragraph says that employees are trying to find out what their annuities would be if they get the opportunity to retire early or are RIF’d. However, the article doesn’t seem to address retiring early until the second to last paragraph. So if someone is 50 years old with 20 years of service of any age with 25, which is the criteria to retire early, they won’t get the special retirement supplement? They would have to be the MRA with 20 or 25 years to get the SRS? Thanks for your help – this is something I’ve been confused about. I’m 52 with 28 years and would like to retire if we get the VERA authority; not getting the SRS would be a big factor.
A: Those who retire under an early retirement authority are eligible to receive the special retirement supplement when they reach their minimum retirement age. MRAs range between 55 and 57, depending on an employee’s year of birth.