Special retirement supplement and Social Security

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Q. I plan on retiring at age 60 with 26 years of service. There should be no penalty in pension. If I receive the special retirement supplement for two years, what happens then? Will I still receive my regular pension and Social Security check? Does the SRS I would receive for two years reduce the amount to Social Security benefits when I reach 62?

A. At age 62, when you become eligible for a Social Security benefit, the special retirement supplement will end. Receiving the SRS does not affect the Social Security benefit you’ll receive when you apply for it.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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