Yes that is correct. Retired here and that is how it is calculated. Just an FYI your SS estimate is based on top 3 years so if you stop working before age 62 or earn less than you are now you estimate will drop a little at least the first year provided you high 3 includes you current salary.
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On Jul 27, 2016 12:39 PM, "Paul ur12bfriend@gmail.com [TSP_Strategy]" <TSP_Strategy@yahoogroups.com> wrote:
I think, the SS benefits that you would get at age 62 will cover the work years beyond FED services, but for the supplement should only cover for the government service years. That means you would only get a half (20/40) of the SS benefits that you would get at age 62.On Wed, Jul 27, 2016 at 12:02 PM, Yahoo Mail dewaltks@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:Do I add my per non covered years to the equation?12 years non covered late in 1990's20 years of covered service.So I would have 32 years of G time. Correct?Thank you
On Jul 27, 2016, at 9:18 AM, Paul ur12bfriend@gmail.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:FERs supplement is based on what you would get from social security benefit at age 62 times (your service year divided by 40).On Tue, Jul 26, 2016 at 9:53 AM, Noel Curtin irlson1493@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:Just received my benefits statement from Social Security, can anyone not tell me which number the FERS Supplement for Law Enforcement is based on.
Full Retirement Age Amount
Age 70 Amount
Early Retirement Amount (age 62)
Numbers are wildly different. Thanks in advance.
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Posted by: Gary <tweet_pa@yahoo.com>
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