The Federal Employees Retirement System annuity supplement is important for those covered under FERS who plan to retire before turning 62. The supplement bridges the time between the onset of ...

For example, let’s say that Hank’s full retirement age is 67, but he started his benefits when he was 65. That’s 24 months early, so his Social Security benefit was reduced by about 12%.

The minimum retirement age for FERS is based on year of birth, as well as years of service. Workers born in 1970 or later have to be at least 57 and have five years of service before retirement is ...

There is a little-known Social Security rule that may help some people who started their Social Security checks before full retirement age and took a reduction in their monthly benefits, but then ...

For each additional month before your FRA, the reduction is 5/12 of 1%, which equals an annual reduction of 5%. Your Full Retirement Age varies based on your birth year. If you were born between ...

If you work in the public sector or plan to, FERS (Federal Employees Retirement System) is an acronym you will soon know well.

After reaching the minimum retirement age until the supplement ends at 62, an earnings test is applied by the Office of Personnel Management that can cause a reduction or elimination of the ...

The Federal Employees Retirement System (FERS) ... Your benefit is reduced by 5% in the same way as the immediate retirement option above. ... Minimum Retirement Age: ...