Special retirement supplement

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Q. I’m a federal firefighter required to retire from my job after 34 years. I’m 57 years old and under FERS. I will receive the special retirement supplement along with my annuity. What is the dollar threshold amount where they start reducing the supplement?

A. Your special retirement supplement will be reduced if you exceed the annual Social Security earnings limit. Because you are under full Social Security retirement age, $1 in your Social Security benefit will be deducted for each $2 in earnings you have above the annual limit, which will be $16,920 in 2017.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

2 Comments

  1. If I go over 16,920 in 2017 but turn 62 in april 2018 & special supplement stops will there be a reduction on social security?

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