Q. Does someone retiring from the federal government on FERS get two checks — one from retirement and one from Social Security?
A. If you retire on an immediate annuity before reaching age 62, you’d receive both your annuity and the special retirement supplement, which approximates the amount of Social Security benefit you earned while a FERS employee. At age 62, the SRS would end and you’d receive two separate payments, an annuity based on your FERS service and a Social Security benefit based on all your Social Security-covered employment.
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If I’m receiving two checks when I retire, do I pay taxes on the Social Security check as well as my annuity check?
thanks, Evita