"...If you are a FERS employee and you retire on an immediate, unreduced annuity before reaching age 62, you will not only receive your basic annuity but an additional payment that represents the amount of Social Security benefit you earned while a FERS employee. It’s called the special retirement supplement (SRS). An immediate, unreduced annuity is payable to..."
Reference: www.fedweek.com
So who needs Medigap plans?
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Snippet of Article: "...So who needs Medigap plans? Anyone with traditional
Medicare who wants help with out-of-pocket costs like coinsurance and
co-pays —...