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.