Q. I have been working for the Postal Service since September 1988, and I am now 58½. I will have 24 years and five months service time when the early retirement offer takes effect. Beside the annuity, do I also get that special retirement supplement? If so, how much is it if my retirement pay at 62 from Social Security is $1,350 a month?
A. Yes, you’ll be entitled to the special retirement supplement. While I can’t tell you how much it will be, I can give you a formula that will approximate the amount. Here it is: Take that Social Security benefit estimate provided to you by the Social Security Administration, multiply it by your total years of FERS service, rounded to the nearest year, and divide the product by 40.