Q. If you are FERS and under 62, will your retired pay stay exactly the same until you start getting COLAs at 62? For example, if I retire at 56 and get $800 a month, does it stay that way for the next six years?
Browsing: Special retirement supplement
Q. Can you explain what would happen to my pension as a reinstated employee? I retired in 2011 from the sales department in the U.S. Postal Service. I took a Voluntary Early Retirement Authority. I was 53, now I’m 59. I would like to go back to my job (I just saw the posting). I have been getting the supplement since age 56. I get $27,348 with my pension and supplement. I left at the pay scale of $68,000 — the same as the job is offering. Would I still get a pension in my direct deposit? Will I accrue a new pension?…
Q. I am a U.S. postal worker. I will have 27 years of employment with the U.S. Postal Service this year and will also turn 56. Can I immediately start drawing the annuity supplement if I retire at the age of 56? As a postal worker, I must have 30 years of government service before I am eligible for the annuity supplement, correct?
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?
Q. I have 20 years service and am 60 years old. I’m a U.S. Postal Service employee, who is retiring soon. I have contacted Social Security, and they told me my Social Security amount at age 62 would be $1,120. I also worked for a Santa Fe railroad organization from 1977-1990 and have contacted them; my retirement would be $1,657. I am confused as to what to use to calculate my FERS special benefit. Could you please shed some light on this?
Q. You’ve said that the special retirement supplement will be reduced or suspended if you have earnings from wages or self-employment that exceed the annual Social Security limit. I have heard that before, but I can’t find it anywhere in writing. Where can I find the rule that spells out the reduction?
Q. If I buy back my military time, will it count, and is it calculated under my FERS covered service? Will it be included in my FERS supplement check? I’m a postal employee that started in 1986. I was in the military from 1981-1985.
Q. Can post-56 military time that is paid back count toward retirement eligibility under FERS? I know it counts as retirement credit, but I heard that paid-back military time does not count for eligibility. For example, a FERS employee has 15 years of military service that was paid back and has 13 years FERS service and is 55 years old. That person does not qualify for an immediate annuity in two years (30 years total) because 15 years was in the military. That person must wait until age 60 to qualify for an immediate annuity under FERS.