I turned 62, FERS Supplement ended. When does SS payment start?

McDuck

Well-known member
Hello,
I have been retired (pre-62-yo) for about 3 years under FERS.
I turned 62 during thus month.
My direct-deposit dropped by about ONE-THIRD today compared to August 1st.
I ass-u-me the difference is the FERS Supplement ending and that the actual SS (of same amount) is suppose to start.
Is the SS direct-deposit done separately?
Was I suppose fill out something to start the SS at 62?
Thanks
 
they also don't automatically take taxes out - you will have to determine what your should be and request that be done.
 
McDuck, You are probably correct. You may want to check the breakdown on OPM website to see what your payment will be going forward as the last payment should have had a prorated amount for the days remaining, if your birthday falls at beginning of the. month (payment may be even less)

You do have to apply for SS https://www.ssa.gov/benefits/retirement/apply.html
 
Your social security is likely to be more than your FERS supplement since the formula for calculating the supplement is a fraction of your projected SS at 62. FERS supplement estimate is SS at 62 divided by 40 then multipled by the number of years in FERS. So for example, if you had 30 years in, the supplement would be .75 (30/40) of your SS at 62. That's not factoring in taxes. But you do have to apply for SS, as many people wait to turn on social security to increase the monthly amount. If you start taking it at 62, and your full retirement age for SS is 67, your social security payment will be permanently reduced by 30% of what it would be at 67. Good luck!
 
Hello,
I have been retired (pre-62-yo) for about 3 years under FERS.
I turned 62 during thus month.
My direct-deposit dropped by about ONE-THIRD today compared to August 1st.
I ass-u-me the difference is the FERS Supplement ending and that the actual SS (of same amount) is suppose to start.
Is the SS direct-deposit done separately?
Was I suppose fill out something to start the SS at 62?
Thanks


u are suppose to apply three months before u turn 62 for SS. u will have to wait now to start receiving. there is no back pay to when u turned 62.
 
u are suppose to apply three months before u turn 62 for SS. u will have to wait now to start receiving. there is no back pay to when u turned 62.

You have 7 months to apply for social security. The 3 months before your birth month, your birth month and the 3 months after your birth month.
 
You have 7 months to apply for social security. The 3 months before your birth month, your birth month and the 3 months after your birth month.

I think this is true for Medicare (3 mo before to 3 mo after) but I couldn't find something similar for SS benefits. If you are at FRA (Full Retirement Age - 66+ for a person who is turning 62 this year) then you can get up to 6 months retroactive benefits if you file up to 6 months after you reach FRA https://www.aarp.org/retirement/soc...g-social-security-benefits-retroactively.html

If you file for SS 3 months after you turn 62 your monthly benefits will be a little higher but I don't think you can get paid for the months between 62 and when you file.

When all is said and done - your best bet is to reach out to Social Security Administration and figure out with them what works best for you.
 
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