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The FERS Supplement (2024 Update)

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Under VERA, are you still able to collect the FERS supplement? 30nyears of service but under the age of 50
Comment from : @chadwilkinson6658

Do they make you pay the money back if you go over the amount?
Comment from : @angelalford21

Under VERA (what's been offered recently) eligible employees under age 57 will still collect an immediate pension and when they turn age 57 will also receive the "Supplement" until age 62 So this would add another category to your examples above under "Who Gets It" - correct?
Comment from : @neillee3793

Great information! Thank you! I have 2 questions: 1) what happen if I have 30 yrs service but 10 of the years were part time? Do I use 30/40 multiple by the SS benefits at age 62? Or “30” needs to be reduced, like how they calculate retirement pension for those part time years? 2) does my supplement will be reduced if I don’t work or have active income, but my husband works and we files tax jointly?
Comment from : @mylittlepony9557

Have you covered divorce and FERS supplement?
Comment from : @michaelmcgroarty8592

Ok Serious question As a retired FERS receiving the supplement, what happens to the supplement if you receive SSDI?
Comment from : @marcmmclellan

Can you still get it if you retire early under a VERA, before you meet your MRA and 30?
Comment from : @christinajackson2277

What if you retire under the VERA?
Comment from : @ASTHECROWFLIESHIKING

So if I did 20 yrs in military and 18 in the post office, would I be eligible for the fers supplement?
Comment from : @michaelballash5309

What if a person reaches their MRA with 25 years and offered a VERA this year-- does this qualify the person to receive the FERS supplement, correct?
Comment from : @stephenbmx1177

What about if you get a VERA before you hit your MRA plus 30 yrs? for instance you take a VERA at age 55 and only have 26 yrs
Comment from : @hagpound

Thank you so much
Comment from : @karenpeterson5756

why is the retirement calc on GRB platform so low for supplement? I have 15 years Fed service (not counting military) so my multiplier is 15/40 which is 0375 My SS benefit at 62 is $2726, so my supplement should be $1022 GRB has it at $795 Why is that?
Comment from : @striperseeker

Very simple and specific! Thank you!
Comment from : @BarryUSAinAZ

Will I receive the supplement before my MRA if I’m offered the Vera which I’m eligible?
Comment from : @pdkainfinancial4429

I think your calculation for the FERS Supplement isn't quite accurate OPM doesn't go by what our SS estimate is at age 62 Instead, they calculate our salary as if we were still working up until age 62 The last three years I made over a$110K, however they will only use my base salary of $80K estimate my FERS supplement in this case it is a $300 a month difference
Comment from : @dt883

Fers supplement may be going away in 2025 durning the new trump budget deal
Comment from : @DScott8732

If social security is no longer taxed under the Trump administration and the FERS Supplement exists as a bridge to Social Security (and is calculated as a percentage of one’s age 62 social security benefit) is there any talk of the FERS Supplement also being exempted from taxation?
Comment from : @superzook5375

I learn the most from your videos!! Awesome Job!!
Comment from : @patriciamccook9872

What if I make $30,000 in stock day trading? Is that the same as income from a job therefore my supplement would be reduced?
Comment from : @hallhv01

I get a survivorship annuity, and I will retire and get my annuity based on personal service Can I get FERS SUPPLEMENT
Comment from : @mariamdn7

Can you talk about Republicans agenda to get rid of it? How they can do it? Can Trump sign an executive order? Does it need to pass congress? Majority vote? What would mean to retirees? Other implications? Would they grandfather in current recipients?? Any other issues? Concerns?? THANK YOU!!!
Comment from : @melissacarter5834

By taking the FERS Supplement, assume we are disqualified from getting the 10 pension bump at age 62 Is that correct?
Comment from : @scottkearney6027

@2:30 - Correct me if I am wrong, but I also think there is another group that gets FERS Supplement If you retire under a VERA and when you reach MRA, you get the Supplement until you are 62 Correct??
Comment from : @thepigwillfly5869

Valuable information, but the title makes it seem like there’s something you could do wrong or forget to do when you’re on the cusp of retirement—like not filing the paperwork correctly—causing you to not receive it at all regardless of your eligibility
Comment from : @WrvrUgoThrUR

how much the supplement is tax
Comment from : @RonnieShepard-p1v

Would I lose the supplement as a widow of a federal law enforcement law enforcement officer at 62?
Comment from : @patriciarockfan6717

Does time as a student count toward the computation? I have a service computation date (SCD) for leave that counts my time as a student and a SCD for retirement that does not count my time as a student
Comment from : @Wink527

Does dividend income count as an active working income?
Comment from : @HongBuhmDoh

It’s a fraction of what you’ll get until you start collecting SSAN at 62 Don’t make it sound like it’s a great thing
Comment from : @johnpatti3560

Thank you for your detailed presentations! Easy to follow and understand
Comment from : @mrslatham

what if you have 30 years at 55 are you at MRA? and is that income ( from another job income) reduction just temporary for that year, or is it a permanent fers supplement reduction?
Comment from : @mattlawson4727

I have a few quetions about calculating "service" It's my understanding that unused sick leave does not count Is this correct? Also let's say someone has 31 years and 9 months service or 3175 yers of service Would the formula be 3175 divided by 40 OR 31 divided by 40? It makes a difference, not a huge difference but a difference Thanks
Comment from : @mclovinzoombie

Is the supplement considered as a retirement because certain states do not tax retirement income?
Comment from : @md-crab7379

If you take a Vera, you have to wait to apply for supplement once you met its requirement
Comment from : @md-crab7379

I can retire as a LEO in 3 years, this video helps a lot Thanks 🙏
Comment from : @juanhurtado4712

I’m pretty sure military time is calculated into this as long as you bought your time back
Comment from : @jeffreyblanton9877

I bought back my military service (11 years) with 22 years of federal service,which will take me 33 years combined at age 58 Do I qualify for the fers supplement?
Comment from : @raycabrera941

Any special provisions for retired military personnel who is now working in federal government position pertaining to a supplement
Comment from : @avantpearson6896

If I buy my military time back and it adds on to my civilian timeor is it strictly civilian time regardless if u bought you military buyback
Comment from : @mikelittle5913

37 yrs divided by 40 gets me 92 percent multiplied by 2166 which means it should be getting 2003 dollars per month BUT I GET ONLY 1806 PER MONTH,, SOMEBODY RIPPING ME OFF!!!
Comment from : @tonyt793

Thank you 🙏🏼 for the info! First time hearing about this You’re awesome 👏🏽 👏🏽 👏🏽
Comment from : @kalel282012

If you retire at age 50 and are on FERS supplement and do not work anymore, does your social security amount at age 62 decrease since your not earning anymore?
Comment from : @20noldi

This is very disgusting People are trying to make a living Government is busy robbing the people to support the corporations that don’t pay any tax People buying power is reducing every year because of inflation and because of hidden trio cards from the government
Comment from : @mehmetramazanoglu4173

My supplement has been reduced to $0 due to the earnings test However, this year I will earn only about $10,000 I am 59 yoa and am under special provision (Law Enforcement) Will OPM automatically reinstate my supplement next year or will I have to notify them and prove my income?
Comment from : @JamesMundo-z8q

My question is what if I have a MRA 57, I have 27 years civilian service and additional 11years military years time I bought back for total 38 years government service Do I qualify for the fers supplement pay?
Comment from : @qtip7345

This is so helpful! Does spouse active income apply towards the 22,320 reduction amount? LOVE YOUR VIDEOS!
Comment from : @HeatherButz

When obtaining you SS estimate to figure out your FERS Supplement, please keep in mind that the SSA assumes that you will continue working, earning and paying into social security until age 62 Since you are retiring early, any years between retirement and 62 will potentially be $0, so your actual PIM will be lower than the SSA estimate provided This means that your estimated FERS supplement will also be lower
Comment from : @bradh9800

What about if you retire early under VERA?
Comment from : @richardt8278

Does FER count your years of service in private jobs before working for the Federal government?: I have only worked for the Federal government for 55 years but 27 years total
Comment from : @dollyobanor8752

If I retire at the age of 61 can I get a supplement?
Comment from : @sallypizan1343

I plan to retire in the next three years st the age of 57 with 38 years government service I also qualify for the Fers supplement If i decide to take up another government job like the post office does my Fers supplement and other benefits remain in my retirement or does it go away?
Comment from : @qtip7345

Does Military Deployment pay affect your FERS Supplement?
Comment from : @BillSolmo

Will a TSP withdraw totaling 30K a year effect the $22,320 reduction rate?
Comment from : @jamesjarmon7150

So helpful! As I am thinking a question you answer it Love your thorough, clear, animated explanations Good job on the production quality, too
Comment from : @williamthone9678

They got me!
Comment from : @alwells7629

Hypothetically, if I owned 5 rental properties at retirement, that would NOT be considered earned income right? Therefore not affecting the supplemental threshold
Comment from : @SailOnFlyBy

How does this affect federal employees who were retired by disability? I have a friend who retired this way around 6 months ago He is also a Veteran I recall him saying his federal service years continue to accumulate even in disability retirement, so he'll have at least 30 years by the time he's 57
Comment from : @Constellasian

Yeah it's ridiculous they penalize us for wanting to work another gig Just retired from usps at 56 and 6 with the supplement 34 yrs with usps
Comment from : @jamesestrada7972

Very helpful! I was wondering when it would end, and now I know!
Comment from : @stephenstafford6240

I work for postal Who do i contact to get started?
Comment from : @michaelrodriguez1909

So many Feds don’t know this exists If you understand the supplement early enough, you can plan so that you don’t have to forfeit the supplement by working after retirement
Comment from : @bucklaughlin906

Nice overview! Thank you!
Comment from : @RB-tm7ox

Military conversion time does not count toward the supplement years
Comment from : @kevinedward-jt2vs

Is a special category retiree who just retired this December, do I have to request the FERS supplement or is it automatic?
Comment from : @tomahawktom7595

Thank you This video is very helpful
Comment from : @runner2008

Hello Sir, question is that $22,320 a gross income or net Asking for a friend thank you appreciate all your videos
Comment from : @lobodiamond2487

You taught me more than anyone about Fers your video's are very informative
Comment from : @leonardhusser5167

Great info! I have 4 years to go with USPS and will be 57 Looking forward to my retirement Started not long out of highschool all postal years 36 total 32 career😊
Comment from : @chrisdryden4740

Does the fers supplement have COLA? Or it stays the same from the time you retire to age 62?
Comment from : @gummo3q524

You talk about civilian time served in integers What about if actual time served is 375 years?? What does the half year of extra work time get you, if anything?
Comment from : @bryonfaust5243

Was really looking forward to the FERS supplement after retiring from ATC, unfortunately looking at disability retirement after 15 years of federal service Special provision FERS employes taking disability retirement do not qualify for the FERS supplement (pretty sure I learned that from one of your other videos, so thank you)
Comment from : @EAFBCCTLR

Excellent info again, good verifications for sure Thanks! 😊✨️💰📃
Comment from : @zenawarrior7442

great explanation thanks
Comment from : @grizmba

If you work as an insurance agent (or other agent positions) and you open a corporation and your income is not consistent-would your FERS supplement be reduced? @HawsFederalAdvisors
Comment from : @Dapperdave-gg6vx

I’m not getting the FERS supplement because I spent 20 years in Army so I have that retirement and got into government late BUT I appreciate this great information Keep it coming
Comment from : @Vicshade

You stated that military service years do not count towards the FERS Supplement I attended an OPM retirement seminar, and the facilitators commented that military service does count IF the military deposit was made Do you agree?
Comment from : @jeffreyfourier8434

Thank you so much for sharing this info Mr Haws This video really helped me better understand the FERS suppliment
Comment from : @cr8blitz22

Since your pension is taxed and your FERS Pension is taxed Does this add to years of paying social security taxes to potentially raise your social security payment
Comment from : @smedrano1964

Do T$P withdrawals affect your FERS supplement
Comment from : @smedrano1964

Another great informative video
Comment from : @raydoeaux1230

Your video covers taxes twice lol I think you missed it during your edit Thank you for the information!
Comment from : @markmurrell1894

Great video thank you!
Comment from : @pattyk8594

I called OPM, being special provision, and was told didn't matter if I was special provisions still penalized
Comment from : @lazylop1966

It's more like a quasi bridge, the 85 percent rule of taxation on SS, as well as the COLA rules don't apply
Comment from : @mcz68l

As expensive as things are today, it's a shame that your supplement is reduced if you make over $22,320 in a retirement job
Comment from : @13hiker

Great info, thanks What happens to my FERS contribution if I don't retire from federal government or if I only work 2 or 3 years for federal government
Comment from : @Sermo_Fin_Grp