Postal Service annuity


Q: I worked for the Postal Service for 10 years and I was in FERS. When I quit four years ago I rolled my TSP into an IRA. My understanding is that since I had 10 years in the postal service as a carrier, I am entitled to a annuity. Is that so, and at what age can I start to draw on it? I am 47 years old now. Is there any way to figure out approximately how much it would be?

A: You would be eligible for a deferred annuity at age 62. To find out what it would be, use the following formula: 0.01 x your highest three consecutive years of average salary x 10 years.


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

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