To get a rough estimate of what your SRS would be, use the following formula:
Take your Social Security benefit estimate available from the Social Security Administration, divide it by 40, and multiply the product by your total years of actual FERS service rounded to the nearest whole number.
For example, if your Social Security benefit at age 62 is estimated to be $6,000 and you have 30 years of service, you’d plug those numbers into the following formula to get your answer:
Social Security benefit at age 62 x 30 ÷ 40 or, in this example,
$6,000 x 30 ÷ 40 = $4,500
The amount of your SRS is set on the day you retire. It isn’t increased by cost-of-living adjustments, regardless of how long you receive it, unless you are a special category employee, such as a law enforcement officer or firefighter. Their SRSs are increased by COLAs.
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