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?
Browsing: Special retirement supplement
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.
Q. I was told that because I am not collecting Social Security, I would not lose the special retirement supplement. I am over the age of 57 years old and collecting the supplement. Is it true that if I make over $17,040, I will lose the SRS?