Early out penalty


Q: I’m a CSRS employee who is thinking of taking an early out if  offered. My age will be 54 years and 2 months, so I will have a penalty. I was told the penalty goes away once  I reach 55. Is that true?

A: No, it isn’t true. The reduction in your annuity for being under age 55 would be permanent.


About Author

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

Leave A Reply