The FERS Supplement - Everything You Need to Know!

Описание: John Mason, CFP®, reviews the FERS Supplement and how this additional income can benefit Federal Employees.

ℹ️ About the Episode:
• Many names - often called special annuity, Social Security bridge, etc.
• Eligible at 30 years and age 57 or 20 years and age 60.
• The FERS Supplement is NOT cost of living adjusted.
• Formula: (service years / 40) x age 62 Social Security benefit.
• This benefit is income tested and begins to reduce at wages over $21k.
• Decision to claim Social Security not tied to receiving FERS Supplement.

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