Q. My husband and I were both federal employees and took the Voluntary Early Retirement Authority. The minimum retirement age for both of us is age 56. Will we both be eligible to receive the special retirement supplement at the MRA, or will only one of us receive the supplement at MRA? A. You will both be eligible for the SRS when you reach your MRA. Reg Jones is away until May 2. Daily posts of previously submitted questions will continue, while newer queries will be answered following his return.
Browsing: Special retirement supplement
Q. I have 29 years of service at the age of 47. I’m under FERS retirement. Is it true that you can retire with a retirement supplement at 30 years of service age 50? And I’d be entitled to the SRS when I reach my minimum retirement age?
Q. Hi, I have just retired under FERS after 34.5 years at the U.S. Postal Service. I understand that Social Security will penalize me if I earn more than $17,640 per year. I know they take $1 for every $3 that I earn over that amount. Do I just lose that money?
Q. I am a FERS employee with 18 years of service. I am retired military with 20 years of service that I bought back soon after I became a FERS employee. I turn 56 this year. Am I entitled to the special retirement supplement and, if so, how would I calculate the amount? My question is based on guidance I was provided that stated the requirement for the SRS is “Retirement at MRA with 30 years” or “Retirement at age 60 with 20 years” … but only true FERS time counts, not military time.
Q. 5 CFR 842.503 (a)(1) says that 30 years of service grants you entitlement to the special retirement supplement, yet the Office of Personnel Management denied it to me. I just left the service two years prior to minimum retirement age with 30-plus years of service.