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Qualification 2: You're at least 62 years old. Just like Social Security retirement benefits, you generally must be at least 62 to claim a spousal benefit. The same full retirement age applies ...
If You Worked Only 20 Years: Social Security will factor in 15 zero-income years, which has an even more dramatic effect. With nearly half of your calculation based on zero-earning years, the ...
The FERS annuity is structured to provide employees an incentive to continue working for at least 20 years in Federal service and until age 62 (which is also the earliest age at which a FERS employee can collect Social Security benefits), since employees retiring at or after age 62 with 20 years of service or more have the annuity calculated at ...
As it is with regular Social Security benefits, you don't have to claim spousal benefits at your full retirement age; you can claim starting at age 62, but your monthly benefit will be reduced ...
The basic retirement annuity under FERS is equal to the (Average High-3 Salary x .017 x Years of Service through 20 years)+(High-3 Salary x .01 x Years of Service over 20)= Annual Pension Members who began congressional service before 1984 and who elected to join FERS will receive credit under FERS from January 1, 1984, forward.
The file-and-suspend rule previously allowed an individual at full retirement age or older to apply for Social Security benefits and immediately suspend them so his spouse could collect spousal ...
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