How Do You Calculate Your Social Security Supplement?

How do you calculate your social security supplement?

Q: How do you calculate your social security supplement? I have read that simply taking 75% of the amount that you would get at 62 does not work. I will be retiring 12/31/2014.My HR officer told me to apply in November. I thought it was 6 months in advance!

A: The percentage of your age 62 Social Security that is used to compute your supplement is based on the num ber of years of civilian service you have under FERS.  Your years of civilian service are divided by 40 (the number of years SS says make up a full career).  For example, if you had 30 years it would be 75%; for 20 years it would be 50%, etc.

Sounds like your HR Officer either runs a tight ship or is being optimistic.  If you wait until November to submit your papers, send them in on November 1st.

Agencies can request to have John Grobe, or another of Federal Career Experts' qualified instructors, deliver a retirement or transition seminar to their employees. FCE instructors are not financial advisers and will not sell or recommend financial products to class participants. Agency Benefits Officers can contact John Grobe at to discuss schedules and costs.

About the Author

John Grobe is President of Federal Career Experts, a firm that provides pre-retirement training and seminars to a wide variety of federal agencies. FCE’s instructors are all retired federal retirement specialists who educate class participants on the ins and outs of federal retirement and benefits; there is never an attempt to influence participants to invest a certain way, or to purchase any financial products. John and FCE specialize in retirement for special category employees, such as law enforcement officers.