Waiver of Arrears. In some circumstances, a custodial parent may agree to waive past due child support. This may be because she is financially capable of caring for her child without the past due support.
Annuity: AGE 62+. For retirement at age 62+ with 20+ years, the annuity is 10% more. Annuity supplement. If all your earnings have been under the FERS system, and none of your FERS earnings were prior to age 22, then you can divide the age-62 Social Security estimated benefit by 40 and multiply the result by years of FERS service.
What is an Annuity? An annuity is a financial product that straddles the fence between insurance and investment. With an annuity you exchange a sum of cash today â typically from your retirement nest egg right as you begin to retire â for consistent periodic payments in the future. How much that monthly payout is and how long it lasts depends greatly on the type of annuity purchased and lots of fine print.