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What is the Special Retirement Supplement (And Does it Apply to You)?

SRS

DOD Tech
Army
Thu Feb 19, 2009 7:29 AM

Post Reply

So if you are planning on working till age 62 anyway, the SRS
is a non-issue !?

Re: SRS

Revenue Agent
IRS
Mon Feb 23, 2009 12:39 AM
Yes. The SRS is for only the period of time from your MRA to age 62. At 62 you can (or choose not to) apply for your SS benifits. But at age 62 the SRS stops.

MRA+20

SCBPO
DHS
Thu Feb 19, 2009 9:37 AM

Post Reply

My understanding of the SRS is that you must be MRA with at least 20 years of service. Is this not true? I understand that some occupations may be entitled to SRS despite this from your article, but I don't fall in those categories.

SRS

MSS
SSA
Thu Feb 19, 2009 9:47 AM

Post Reply

When looking at the total taxes and our contributions to the thrift plan which has tanked for most, it is clear the FERS is clearly disadvantageous. Now, I'm subject to the Earnings Test. WOW that sucks!

SRS and Widow SSA

Accounting Tech
DHC, ICE
Thu Feb 19, 2009 9:48 AM

Post Reply

How would this work if I also can use My husbands SSA with the SRS. I was planing on using my husband SSA and HRS said I could without lossing anything. Will SSA take part of the SRS?

Special Retirement Supplement

Transportation Specialist
USAF
Thu Feb 19, 2009 9:49 AM

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Understand the SRS does not apply to the portion of my federal service that was active duty. Only the portion that I was a FERS civilian (even though I paid my deposit for the military service) will count. With this rule and the earnings rule, the SRS is not worth much.

Re: Special Retirement Supplement

Retired Supervisor
DISA
Thu Feb 19, 2009 2:30 PM
Dido the Transportation Specialists input: "Understand the SRS does not apply to the portion of my federal service that was active duty. Only the portion that I was a FERS civilian (even though I paid my deposit for the military service) will count. With this rule and the earnings rule, the SRS is not worth much."

Annual pay is considered earned income?

revenue agent
irs
Thu Feb 19, 2009 10:20 AM

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So, for example, if you decided to retire March 31st and
you had already earned $14,160, the check you would receive for any unused annual would reduce your SRS $1 for every $2 received?

When does MRA kick in?

Retired
Federal Bureau of Prisons (LEO position)
Thu Feb 19, 2009 10:29 AM

Post Reply

Does the earnings test kick in immediately when you reach 56 (as in my case) and if so how is the deduction handled?

Or do you get a 'bill' the following year when you file your taxes to return any 'overpayment?"

I tried a short search on the OPM website but couldn't find anything on how the amount is reduced if applicable.

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