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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here, so what is the answer? Defer everything until 62+ even if I want to go do something else?  Wait until 62 to retire?  I now understand the supplement piece, it just stops at 62 because, I'm then eligible for SS, regardless of whether i want to take it.  When is the best time to start taking one's pension?[/quote]
The day you retire is the best time to start taking one’s pension. /s

You really need to sit down and do some math on all your options. Or find a professional to do it for you.  All the people in this thread telling you to wait until 62 to get the extra 0.1% aren’t doing the math, they’re just assuming.  If you already have 30+ years at 58, then you’ll have ~35 years at 62.  With a high-3 of $100k, that’d be an extra $3500/year tacked onto your pension if you wait (plus the extra 4% with four more years of service).  But to get that extra $3500/year with the 0.1% bonus, you have to give up the FERS Supplement.  And with 30+ years of service your supplement should be close to $1500/month with a $100k high-3. That’s $72,000 in supplement over 4 years PLUS your pension.

Drawback on the Supplement: If you get another job, the supplement is reduced by $1 for every $2 you earn over $21,240 (2023 limit). Unlike Social Security benefits, this reduced supplement doesn’t get added back later  on so it’s in your best interest to not go over it.[/quote]

how do you factor in loss of your COLA and lifetime loss of not getting that COLA? [/quote]
By enjoying retirement and not stressing over milking every last dollar on the way out the door. COLA definitely won’t be 7.7% every year.  And I’d fight back by putting that $72,000 head start to work. If inflation is high, interest rates will also be high. [/quote]

LOL ok[/quote]

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