Special Retirement Supplement

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Q. I’m a FERS retiree who is receiving the special retirement supplement. I’ll turn 62 in November. When will my SRS end?

A. Your special retirement supplement will end on the earlier of 1.) the last day of the month in which you turn age 62 or 2.) the last day of the month before the first month on which you would be eligible for a Social Security benefit, whether you apply for it or not.

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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.

15 Comments

  1. Does the answer to the second part mean you can defer your social security benefit? Or do you have to take it because you took the supplement?

  2. I’ve been working for the VA for 10 years. I will be 66 April 26th . I work in FMS Department maintenance mechanic. I’ve been having problems with my wrist that has been broken sense basic training. Having problems with my hips and lower back. My fiance is getting to the point she needs help getting around at home. I have been diagnosed with emphysema. So now that we are wearing a face mask is very hard for me to breathe in the work environment. Would I be eligible to medically retire?

    • FERS employees who are approved for disability retirement have that benefit converted to a regular FERS annuity at age 62. Because you are over age 62, it would make no sense for you to apply for that benefit. Fortunately, you have the right combination of age and service to apply for a regular retirement benefit. Your personnel office can provide you with the forms and guidance needed to do that.

  3. I retired a year ago and am receiving my pension and the offset. If I work part time I understand that if I make over a certain amount than I lose 1 dollar for every 2 I make. What is that amount and does that come off the pension amount or the offset amount?

    • The Social Security earnings limit in 2021 is $18,960. If you exceed that amount your special retirement supplement will be reduced by $1 for every $2 you earn above the limit.

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