Q. Can one retire at age 55 with 24 years of federal service? I understand that you may not draw any funds but, am trying to just retire. I am a FERS employee and was born in 1955.

A. No, with your combination of age and service, you can’t retire now. Since you were born in 1955, your minimum retirement age is 56. If you wait until you are 56, you could retire under the MRA+10 provision (minimum retirement age with between 10 and 29 years of service). However, your annuity would be reduced by 5 percent for every year you are under age 62. The only way to reduce or eliminate the age penalty would be to retire and delay the receipt of your annuity to a later date.


About Author

Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to

Leave A Reply