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.
- It’s not certain they will do away with the supplement.
- In the past, for less onerous changes, there has been enough warning for folks to act.
- 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.