Browsing: Special retirement supplement

Q. I have 20½ years of service — 17¼ under 6c (currently serving) and 7½ years of military that I bought back; 28 years total. If my agency gets Voluntary Early Retirement Authority, when would I be eligible for the special retirement supplement under FERS 6c?

Q. I’m a FERS employee nearing retirement. If I retire at age 58, I will have a family with a 13- and 16-year-old child at home. In using the Social Security calculator, they would factor in the benefits that I receive from Social Security. Does the special retirement supplement that I can receive at age 58 also calculate the age of children in determining benefit amount?

Q. I am an employee with 36+ years with the Defense Department. I am 60 years and eight months old, FERS, and have been offered a Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay. Would I be eligible for both or only one? What entails accepting the VSIP and retiring under the VERA? What is a full special retirement supplement?

Q. I am a FERS employee. I reach my minimum retirement age in October with 36 years of service. I plan to work until January 2015. I was told by a retired co-worker that he was offered a Voluntary Separation Incentive Pay two years ago, but he did not accept it. He did not accept the VSIP because he was informed if he took the VSIP, then he would not be eligible for the special retirement supplement. If a VSIP is offered next year, I would consider retiring early if it meant that I would lose the special retirement supplement.…

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