Social Security Supplement calculation

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Is the Social Security Supplement calculated in whole years or years and months? For example 29 years 6 months would equal ?/40? Also is accumulated sick leave used for the calculation of the supplement?

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Asked on January 17, 2018 4:11 pm
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The FERS Retiree Supplement is based on full years of FERS civilian service which means no sick leave would be included. The manual states: •The numerator is the retiree’s total civilian service creditable under FERS, rounded to the nearest whole number, but not exceeding 40 years.

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Answered on January 17, 2018 6:11 pm

So…..if i retire at age 56 (my MRA) w/ 33yrs service and my monthly SS benefit at age 62 would be $2066 (according to mySS website), what is my monthly FERS Supplemental benefit? Is it 33/40 x $2066, or $1704 ? And, lets say i earn $25k/year outside the govt right after my govt retirement at age 56. How much would the $1704/mo be reduced to? thanks!

( at November 27, 2018 3:52 pm)
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You have the correct formula for the estimated supplement calculation. For the technical response see the following link; https://www.opm.gov/retirement-services/publications-forms/csrsfers-handbook/c051.pdf Your supplement will be reduced $1 for every $2 over the approved amount, for the year 2019 will be $17,640. See page 14 of the link above on the reduction for excess earnings.

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Answered on November 28, 2018 12:06 am

thanks!

( at November 28, 2018 4:01 pm)