Q: I am 54 with 28 years in the U.S. Postal Service with CSRS. What would my penalties be if I choose to retire this year?
A: You aren’t eligible to retire, so the question is moot. Unless your agency offers you an opportunity to retire early, the earliest you can retire is age 55 with 30 years of service. If they did offer you that opportunity, your annuity would be reduced by 1/6 percent for every month you were under age 55.