Calculations Fers Disability Retirement And Social Security

Also a special retirement supplement will be paid until age 62 that approximates the social security benefit earned in federal service.

Calculations fers disability retirement and social security.

This fers disability is the standard retirement even without a disability and does not change. Take the estimate of your social security benefit at age 62 provided by the social security administration multiply it by your years of actual fers service and divide by 40. Applying for fers disability retirement. In addition fers disability retirement benefits are recomputed after the first twelve months and again at age 62 if the annuitant is under age 62 at the time of disability retirement.

Benefit estimates depend on your date of birth and on your earnings history. How is our individual fers special retirement supplement rate calculated. Sf 3107 application for immediate retirement and. You must complete the following forms.

First as stated earlier and reiterated again understand that there is an offset between fers disability retirement annuity and social security disability insurance benefits a 100 offset in the first year of concurrent benefits with a fers annuity at the 60 rate. This reduction only applies for months in which you are concurrently entitled to both fers and social security benefits emphasis added. After the first year and until age 62 if the disability continues the annuity amount will depend on whether the employee is eligible for a social security disability benefit. After reaching the mra the supplement will be reduced or stopped if the retiree has earnings from wages or self employment that exceed the annual exempt amount under the social security earnings test.

Then a 60 offset during all subsequent years until recalculation at age. If the application for social security disability benefits is withdrawn for any reason opm will dismiss the fers disability retirement application upon notification by the social security administration. Calculate your first 12 months of fers retirement benefits if you are under age 62 and not qualified for immediate voluntary retirement. 40 of high 3 average pay.

Instead it will estimate your earnings based on information you provide. Fers disability benefits are computed in different ways depending on the annuitant s age and amount of service at retirement. In addition fers disability retirement benefits are recomputed after the first twelve months and again at age 62 if the annuitant is under age 62 at the time of disability retirement. While you are receiving an annuity computed using the 40 computation your monthly annuity will be reduced by 60 of any social security disability benefit to which you are entitled.

So benefit estimates made by the quick calculator are rough. Fers disability benefits are computed in different ways depending on the annuitant s age and amount of service at retirement.