In this episode, Dan and Ed explain what the Special Retirement Supplement (SRS) is and who qualifies for it. They also discuss how the SRS is calculated, the 2024 earnings limits retirees need to know, and the impact of excess income on the supplement. Plus, they cover when reductions apply and why reporting your earnings to OPM on Form RI 92-22 is crucial to avoid payment issues.
Join us as Dan and Ed break down the Special Retirement Supplement, how it’s calculated, the 2024 earnings limits, and why reporting your income to OPM matters.
In this episode, you’ll discover:
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The FedLife Podcast is your in-depth, biweekly deep dive into the world of federal benefits and retirement planning. Hosted by federal benefits expert Ed Zurndorfer and Dan Sipe of Serving Those Who Serve, each 30-minute episode unpacks the complexities of FERS and CSRS retirement, FEHB and Medicare, survivor benefits, tax planning, and more. Designed for federal employees and retirees who want more than just the basics, FedLife goes beyond the headlines to explore the rules, nuances, and strategies that can make a meaningful difference in your retirement. Remember: it’s your Fed life, make it a great one.
The Fed15 Podcast is your weekly 15(ish)-minute briefing on federal benefits and financial planning, built specifically for federal employees and retirees. Hosted by Dan Sipe and Katelyn Murray of Serving Those Who Serve, each episode delivers clear, actionable guidance on topics like FERS and CSRS retirement, TSP strategies, FEHB, survivor benefits, tax planning, and more! Whether you’re five years from retirement or already there, The Fed15 helps you cut through the noise, avoid costly mistakes, and make confident decisions about your federal benefits.
