FERS Confusion


Q. My assumed High-3 average salary is $80,163 (age 66) with a monthly annuity of $2,314.00; my social security benefit at age 67 is $2,377. Does this mean when I retire under the FERS system I will receive combination of both $4,691 or is there some sort of offset I am not aware of? I am confused as it relates to FERS. Please help me understand.

A. There is no offset. When you retire, you will receive both your FERS annuity and a Social Security benefit based on all your years of Social Security-covered employment.


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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