Browsing: Special retirement 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. 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.

Q. I am 55 years old (born Dec. 29, 2960). I worked for the Department of Veterans Affairs for 26 years, and now I have obtained a degree trying very much to get a different job within the government. If I leave the government and get another job until I am 60, can I get the Social Security supplement until I reach 62? Would I be able to collect two pensions if I do this?

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