Page 77 - The Informed Fed--Hearn (edited 10.29.20)

In 1948 55 and 2 months
In 1949 55 and 4 months
In 1950 55 and 6 months
In 1951 55 and 8 months
In 1952 55 and 10 months
In 1953-1964 56
In 1965 56 and 2 months
In 1967 56 and 6 months
In 1968 56 and 8 months
In 1969 56 and 10 months
In 1970 and after 57
You can also retire with less than 30 years of service and your
minimum retirement age with:
• 20 years of service at age 60 - 20% pension (1% per year of
service)
• 5 years of service at age 62 - 5% pension (1% per year of service).

FERS employees pay into Social Security as well.

Social Security is the second piece of the FERS retirement plan. One
thing you may notice about the FERS retirement system is that you are
eligible to retire at ages under 62 before you would be eligible for Social
Security. How can FERS employees afford to retire without getting their
Social Security checks? The answer is the FERS Special Supplement.
Very few employees are aware of this program. The FERS Special
Supplement is money every FERS employee needs to be aware of. Let’s
look at Bob, a FERS employee. He is retiring with 30 years of service at
age 56. He is not eligible to draw Social Security until age 62. Under the
FERS Special Supplement he is entitled to receive a check from the
Office of Personnel Management equaling 75% of whatever his Social
Security benefit would be at age 62. If Bob’s age is 62, his Social Security
benefit is $1,200, therefore his FERS Special Supplement would equal

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