By Reg Jones
Q. I am in FERS, and my service computation date is June 2, 1982. I will be 56 in April 2014. I have three dates for planned retirement: May 31, 2014; June 2, 2014; or June 28, 2014. I hear the special retirement supplement is based upon a full year of service. It appears 31 May 2014 is a good date to retire, but I will miss a full service year by three days if I select this date. I earn $100,000 per year. Which of the three dates would be best?
A. The special retirement supplement is based on the following formula: Your Social Security estimate at age 62 x your total years of FERS service rounded up to the nearest whole year divided by 40.
Therefore, any of those dates you picked would produce the same result.