Was the FERS Special Supplement Terminated?

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By on June 26, 2014 in Q&A with 6 Comments

Q: I thought the FERS special retirement supplement was terminated in the FY14 Budget – has it been reinstated? I am reviewing my retirement plan crying on my keyboard trying to figure out how to deal with the loss of the FERS Supplement as I know it. I will retire in Dec 2015 with 20 years at age 60. Last I heard this benefit was history. Make my day, is it back?

A: It never has been terminated. There have been threats to eliminate the supplement for new hires, but even those threats have not turned into action.

Your day has been made. The supplement lives!

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 [email protected] to discuss schedules and costs.

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About the Author

John Grobe is President of Federal Career Experts, a consulting firm that specializes in federal retirement and career transition issues. He is also affiliated with TSP Safety Net. John retired from federal service after 25 years of progressively more responsible human resources positions. He is the author of Understanding the Federal Retirement Systems and Career Transition: A Guide for Federal Employees, both published by the Federal Management Institute. Federal Career Experts provides pre-retirement seminars for a wide variety of federal agencies.