By Reg Jones
March 31st, 2011 | Uncategorized
Q. I’m a 53 year old FERS employee with 25 years of service this June. I’m considering taking a VERA if one is offered in late March 2011. I know that a supplemental is offered as an incentive if you have the right requirements. I fall short of the age requirement. My question is, if I took the VERA that might be offered, would I still be able to get the supplement when I reach the MRA? If so, would it automatically be put into my pension at the time I reach my MRA or would I have to apply for it when I would be eligible ?
A. If you accept an offer of early retirement, you would be eligible to receive the special retirement supplement when you reach your MRA. It wold automatically be added to your regular annuity unless you have earnings from wages or self-employment that exceed the Social Security earnings limit.
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