Ask Reg: How does my Social Security income affect my pension?

The following is a question submitted by a reader to Federal Times columnist Reg Jones, a charter member of the senior executive service and the resident expert on federal employee retirement issues.

A Fed Times reader asks:

“I work for the federal government and wanted to know if my Social Security will decrease since I am going to get a pension?”

Reg’s reponse:

No, it won’t decrease. That’s because you are a FERS employee.

When you retire you’ll be entitled to both your annuity and a Social Security benefit. If you retire before age 62, you’ll receive a special retirement supplement to your annuity that equals the amount of Social Security benefit you earned while a FERS employee. Then at age 62 you’ll begin receiving a regular Social Security benefit along with your annuity.

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