Monthly Social Security estimate

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Q. If I retire early and can receive the Social Security supplement at age 56, how can I find out from Social Security how much I will be getting each month in the supplement?

A. You can’t. You’ll have to go to www.ssa.gov/mystatement and get an estimate of your Social Security benefit at age 62. When you have the figure, plug it into the following formula: Social Security benefit estimate x your total years of FERS service rounded to the nearest year ÷ 40.

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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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