Calculations Fers Disability Retirement And Social Security

How is our individual fers special retirement supplement rate calculated.

Calculations fers disability retirement and social security.

This reduction only applies for months in which you are concurrently entitled to both fers and social security benefits emphasis added. Calculate your first 12 months of fers retirement benefits if you are under age 62 and not qualified for immediate voluntary 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. If the application for social security disability benefits is withdrawn for any reason opm will dismiss the fers disability retirement application upon notification by the social security administration.

Instead it will estimate your earnings based on information you provide. Also a special retirement supplement will be paid until age 62 that approximates the social security benefit earned in federal service. The fers annuity will be reduced by 60 percent of the initial social security benefit. 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.

Fers disability benefits are computed in different ways depending on the annuitant s age and amount of service at retirement. Applying for fers disability retirement. Sf 3107 application for immediate retirement and. For security the quick calculator does not access your earnings record.

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. 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. Use this same formula if you are under 62 but qualify for immediate voluntary retirement.

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. 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. 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.

Benefit estimates depend on your date of birth and on your earnings history. 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.