Q. I am a Postal Service employee with 28 years of service. I am 58 years old and am considering the Voluntary Early Retirement Authority offer. I have gone to the Social Security website to find out how much I would receive at age 62. I need this number to calculate the amount that would be included with my FERS VERA annuity. Can you help?
A. You can estimate what your special retirement supplement would be using the following formula: Take the Social Security benefit at age 62 provided to you by the Social Security Administration, multiply it by your total years of FERS employment rounded to the nearest whole year, and divide the product by 40.