Calculations Fers Disability Retirement And Social Security

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.

Calculations fers disability retirement and social security.

The fers annuity will be reduced by 60 percent of the initial social security benefit. Also a special retirement supplement will be paid until age 62 that approximates the social security benefit earned in federal service. 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. Then a 60 offset during all subsequent years until recalculation at age.

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. 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. How is our individual fers special retirement supplement rate calculated.

Calculate your first 12 months of fers retirement benefits if you are under age 62 and not qualified for immediate voluntary retirement. Benefit estimates depend on your date of birth and on your earnings history. 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. Fers disability benefits are computed in different ways depending on the annuitant s age and amount of service at retirement.

Sf 3107 application for immediate retirement and. This fers disability is the standard retirement even without a disability and does not change. Instead it will estimate your earnings based on information you provide. You must complete the following forms.

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. 40 of high 3 average pay. Use this same formula if you are under 62 but qualify 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.

So benefit estimates made by the quick calculator are rough. Applying for fers disability retirement.