Q: I am about to receive my pension from the Navy because I am retired from the Navy Reserve. I will receive this when I am 60. I am also a FERS retiree. Would I be able to receive both annuities? What would happen to my FERS annuity supplement? A: Yes, you will be able to receive both retirement benefits. Further, your special retirement supplement won’t be affected. The annual earnings limit applies only to earnings from wages or self employment, not annuities or other sources of income.