SRS and reductions, COLA


Q. I am 58 and have 23 years of service with the IRS. Two items I have yet to see specifically addressed on the special retirement supplement are: Will my FERS retirement benefits be reduced or lower in any way if I draw the SRS? Also, the amount of the SRS is fixed on the day it is first calculated and isn’t increased by cost-of-living adjustments. Is the non-SRS portion of a FERS employee’s retirement pay still subject to cost-of-living adjustments when the employee is drawing the SRS?

A. As a rule, FERS retirees don’t receive cost-of-living increases on their special retirees supplements, nor do they receive them on their annuities until they reach age 62. Note: Special category employees, such as law enforcement officers and firefighters, and disability retirees receive COLAs regardless of the age at which they retire. Disability retirees aren’t entitled to SRSs.


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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

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