Q: I am a FERS employee with 20 years of federal service. My MRA is 57. I am 41 and I will have 30 years of federal service when I reach age 51,
at which point I plan on resigning from federal service. Will I receive a
full, unreduced annuity if I defer retirement until I reach the MRA of 57?
From what I can tell, I will have an unreduced annuity, but will not be
eligible for FEHB or the special retirement supplement. Am I correct in my
research?
A: Assuming you don’t take a refund of your retirement contributions, having 20 years of creditable service would make you eligible for a deferred annuity at age 60 instead of age 62. That annuity would be based on the following formula: 0.01 x your high-3 on the day you left government x your years and full months of creditable service. As a deferred retiree, you wouldn’t be eligible to re-enroll in either the FEHB or FEGLI programs, nor would you be entitled to the special retirement supplement.
