How is the FERS Supplement Calculated?

View this article online at https://www.fedsmith.com/2015/09/29/how-is-the-fers-supplement-calculated/ and visit FedSmith.com to sign up for free news updates
By on September 29, 2015 in Q&A with 2 Comments

Q: If I retire under FERS with 36 years of service prior to age 66 when I could receive the full Social Security amount, how is the supplement calculated or valued? Same as SS is calculated?

A: The supplement is payable up to age 62, when you first become eligible for Social Security on your own account, it is not payable until your Social Security Full Retirement Age.

If you had 36 full years of FERS civilian service, and were under the age of 62, your supplement would be 36/40 (90%) of your age 62 estimated benefit.

John Grobe’s latest book, The Answer Book on Your Federal Employee Benefits, has just been released by LRP Publications. Order your copy at shoplrp.com. Ask your human resources office to contact Federal Career Experts about pre-retirement training.

© 2017 John Grobe. All rights reserved. This article may not be reproduced without express written consent from John Grobe.

Tags:

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.

Top