FERS and SRS

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Q: I will have 29 years at the U.S. Postal Service, plus 2,200 hours of sick leave, three years in civil service and 27 under FERS in 2012. Am I
eligible for the Social Security supplement at age 56? Does that
decrease my FERS annuity or add to it?

A: If you meet the age and service requirements to retire on an immediate annuity – in your case, your minimum retirement age plus 30 years of service – you’d receive the special retirement supplement. The SRS approximates the Social Security benefit you earned while employed under FERS, and is added to your FERS annuity. FYI: Because you didn’t have five years of CSRS service when FERS came on line, you have no CSRS service. It was automatically converted to FERS service.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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