Q: I am 57 and started working civil service in 1995. Can I take retirement at age 60? How much will I draw? I am a Gs 6. At 60, I start my reserve retirement. Will I be penalized? At 62, I will file for Social Security while there is some left. Can I draw all three?
A: You could retire under the MRA+10 provision. However, your annuity would be reduced by 5 percent for every year you were under age 62. If you waited until you had 20 years of service, you could retire on an immediate unreduced annuity. Either way, you will be able to receive a FERS annuity, a Social Security benefit and your reserve retired pay.