Q. I am currently receiving Federal Law Enforcement retirement along with the FERS supplement. At what age or year will my supplement be reduced if I make over the maximum amount? I was born in July 1963.
A. Your SRS will be reduced when you reach your minimum retirement age. Because you were born between 1953 and 1964, your MRA is 56.
2 Comments
I retired from federal law enforcement at age 53 after 25 years service in 2009, and began to receive the FERS annuity supplemental. I worked in private industry from August 2009 – August 2010, and again from November 2011 – September 2014, during which time my FERS supplement was justifiably reduced and then stopped. I have not worked since October, 2014 and would like to re initiate the Supplement.
Question; how would I do that and will I receive the supplement retroactively from January 2015 to present?
I checked with OPM and here’s what they had to say:
The earnings limitation applies to all earnings in a given calendar year. We survey in February for the previous calendar year. The Supplement will be stopped or reduced (if found to be necessary) effective July 1 of the year following the year the earnings were exceeded. For example, if the earnings limitation was exceeded for the entire calendar year 2015, the reduction, or stoppage, becomes effective July 1, 2016, effectively giving the annuitant six months free supplement. If during any calendar year, the earnings limitation is not exceeded, then the supplement is restored January 1 (quite often retroactively). Therefore, someone could have exceeded for a few years in a row and then, say in 2015, the limitation was NOT exceeded, then the Supplement is resumed 1-1-16. Annuitants will often believe that since they did not work in 2015 (or they quit their job), then the Supplement must be restored for that year. Not true. January 1 of the next year, because we have to check on earnings received all the way through December 31. We get our earnings information from the Survey, from inquiries from annuitants, from SS matches, from IRS inquiries, etc.