Should I Retire Now to Take the Supplemental Payment?

I meet requirements for immediate retirement from Federal service. One thing I don’t want to lose is the supplemental payment until 62. Should I retire now?

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.

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.

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.

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