Why the special retirement supplement (SRS) is no substitute for the “enhanced” Federal Employee Retirement System annuity feds can get at age 62.
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FedLife Podcast (ep. #116): Waiting for the Enhanced FERS Annuity
The three legs of a FERS retirement – FERS, Social Security, and the TSP. This episode goes over the FERS retirement supplement, its limitations, and calculating your FERS pension amount. Learn why Ed encourages the majority of feds to stay employed until age 62. There’s a 10% boost – that’s your enhanced FERS annuity.
Featured in this episode:
- Eligibility for your federal retirement
- Retiring at age 62
- The FERS SRS and the earnings test
- FERS Retirement and COLAs
- Don’t sell a dime for a nickel!
- Unused sick leave to count toward service requirement
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