Clearing up MRA+10 confusion


Q: I recently read an article on the minimum retirement age in which the author states, “Here are some reasons that the MRA+10 option is not more popular than it is (other than the fact you’ll not be receiving an annuity for two years).” I’ve been considering the MRA+10 option for quite some time now, and this is the first that I have heard of not receiving and annuity for two years. In all of the literature I’ve read on MRA+10, I cannot find any mention of it. Do MRA+10 retirees have to wait two years to receive their annuity?

A: The statement you quoted makes no sense. If you retire under the MRA+10 provision, you would be entitled to an immediate annuity. However, it would be reduced by 5 percent for every year you were under age 62 unless you had at least 20 years of service and retired at age 60 or later. To reduce or eliminate the age penalty, you could retire and defer the receipt of that annuity to a later date.


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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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