By Reg Jones
Supplemental Social Security
April 28th, 2011 | RETIREMENT
Q: I am 57 with 28 years of civilian service under FERS. I have been paying Social Security. If I retire under VERA, what is the formula used to figure out the supplemental Social Security or special annuity supplements and how would they be received?
A: You can get a rough estimate of what your special retirement supplement would be by suing the following formula:
Your most recent Social Security estimate x your total years of FERS service rounded up to the next higher year ÷ 40.
Tags: FERS, RETIREMENT, SOCIAL SECURITY
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