Q. I can retire in June 2014 at 60 with 26 years in FERS. As it will be in June, I will have made more than the $15,000-plus earnings limit. If I max out my TSP contribution (approximately $11,000 for six months), my net working income will drop so I can get under the $15,000-plus earnings limit; will my special retirement supplement the following year be unreduced?
A. There is a “first year rule” that will apply in your situation. To find out how it would affect you, go to www.ssa.gov/retire2/rule.htm.