Special retirement supplement

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Q. I’m a FERS employee nearing retirement. If I retire at age 58, I will have a family with a 13- and 16-year-old child at home. In using the Social Security calculator, they would factor in the benefits that I receive from Social Security. Does the special retirement supplement that I can receive at age 58 also calculate the age of children in determining benefit amount?

A. No, it does not. It’s based solely on the Social Security benefit you earned while a FERS employee, and is paid out of the Civil Service Retirement and Disability Trust Fund.

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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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