Special retirement supplement


Q. I started with the Postal Service when I was 31. I will be 55 in a few days. I am EAS 13 and strongly considering the latest Voluntary Early Retirement Authority. Is there some kind of calculator to figure out the special retirement supplement?

A. You would be eligible for the special retirement supplement when you are age 56. To estimate what the amount of that benefit would be, use the following formula: Take your Social Security benefit at age 62, multiply it by your total years of FERS service rounded to the nearest whole number of years, and divide the product by 40.


About Author

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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