Q: I meet requirements for immediate retirement from Federal service at 56 this October (MRA + 30). One thing I don’t want to lose is the supplemental payment until 62. Should I panic? Retire now? What do you know about all this?

A: You may delay your panic for a while.

  1. It’s not certain they will do away with the supplement.
  2. In the past, for less onerous changes, there has been enough warning for folks to act.
  3. If it were to happen, I bet there would be some type of grandfathering; after all, it would affect Congress too.

Having said all that – you should continue to pay attention to potential changes and be ready to act if necessary.