Q. I am 57 years old and will be 58 on Sept. 19. I will have 30 years of federal service on Jan. 25, 2013, and am covered under FERS. Can I retire on Dec. 28 and still get the Social Security supplement? I am aware that there will be a penalty for retiring before I have my 30 years, but that should be minimal as it is only for one month at a penalty of 5 percent per year. Is that correct? Or is the penalty for 5 percent per year until I reach age 62?
A. Because you would be retiring under MRA+10 provision, you wouldn’t be eligible for the special retirement supplement.