Q. I have 20 years service and am 60 years old. I’m a U.S. Postal Service employee, who is retiring soon. I have contacted Social Security, and they told me my Social Security amount at age 62 would be $1,120. I also worked for a Santa Fe railroad organization from 1977-1990 and have contacted them; my retirement would be $1,657. I am confused as to what to use to calculate my FERS special benefit. Could you please shed some light on this?
A. Your special retirement supplement will be based solely on your period of employment under FERS. That’s because it will be paid out of the Civil Service Retirement and Disability Fund, not the Social Security Fund.