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?
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?
At my minimum retirement age, I will have 29 years and I am eligible to buy back some military time. If I buy back the time, will it count towards the 30 years needed at MRA to be eligible for the special retirement supplement?
I’m currently 51 years old, planning to retire the year I turn 55. Will the social security supplement be subject to the social security earnings test?
One federal employee ended up pulling his retirement paperwork before the big day because he almost made an irreversible mistake. He was relying on all the previous benefits estimates he had received from his human resources department, but at the last minute found out he wouldn’t be getting the pension he had expected. Learn from his story and make sure it doesn’t happen to you.
How is your federal employee annuity calculated? It is based on two numbers. Here is how it works.
Are you thinking about leaving federal service before you are eligible for an immediate FERS retirement? You need to know the difference between a postponed and deferred retirement.
Many FedSmith readers have commented on the excessive time it takes OPM to process the paperwork for full annuity payments. It is likely to get worse instead of better. Here’s why.
The only thing 100% clear about the FERS annuity supplement is that it ends at age 62.
If you’re close to retirement, you’ve probably calculated your FERS or CSRS Pension. But did you remember to consider these important reductions in your retirement planning?