Special Supplement for Federal Employees Under FERS

Snippet of Article: "...Now, one common misconception is that the Special Supplement is actually paid out by Social Security. In reality it’s actually paid out by the Office of Personnel Management (OPM) and receiving the Special Supplement does not reduce what you would draw from Social Security or force you to file for Social Security at age 62. How is the Special Supplement calculated?..."

Source: www.fedsmith.com

FERS annuity supplement, fers annuity supplement calculator,

Computation of FERS annuity supplement

Article Title: FERS annuity supplement Computation

Snippet of Article: "...The FERS annuity supplement is computed as if you were age 62 and fully insured for a social security benefit when the supplement begins. OPM first estimates what your full career (40 years) social security benefit would be. Then we calculate the amount of your civilian service under FERS and reduce the estimated full career social security benefit accordingly. For example, if your estimated full career social security benefit would be $1,000 and you had worked 30 years under FERS, we would divide 30 by 40 (.75) and multiply ($1,000 x .75 = $750). The result would be your FERS annuity supplement, prior to any reductions...."

Source: www.opm.gov Computation of FERS annuity supplement