Is the Federal Retirement Supplement Right for You? Here's What You Need to Know!

Retirement is a big step, and when you work for the federal government, planning for it can get a little tricky. One option you might have heard of is the Federal Retirement Supplement . This supplement helps bridge the gap between your regular income and your full pension, especially if you're planning to retire before you reach the age of 62. But is it right for you? Let’s break it down to help you make an informed decision. How Does the Federal Retirement Supplement Work? The amount you receive from the Federal Retirement Supplement depends on several factors, including how long you worked for the federal government and your high-3 salary. Your high-3 salary is the average of your highest-paid three years of service. Once you retire, the supplement is calculated based on a percentage of this high-3 salary. It’s not an exact number and can change from year to year depending on your circumstances, such as the federal budget and your years of service. The payment is designed to be ...