Special retirement supplement


Q. I am a Postal Service letter carrier under FERS retirement. I would like to retire Oct. 1 (early retirement). I will be 59 with 27 years of service. Will I qualify for the supplemental annuity at 60? And how can I calculate that annuity?

A. Because you have already reached your minimum retirement age, you’ll immediately be entitled to the special retirement supplement, which you will continue to receive until you reach age 62. You can estimate the amount of the SRS by using this formula:

* Take the Social Security estimate provided by the Social Security Administration.

* Multiply it by your total years of FERS service, rounded to the nearest year, and divide the product by 40.


About Author

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

Leave A Reply