Page 77 - The Informed Fed--Hearn Wealth Management

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).

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

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

benefit is $1,200, therefore his FERS Special Supplement would equal

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