Voluntary early retirement


Q. I am 57 years old with 26.9 years under FERS. I am past the minimum retirement age. Would I receive the bridge to Social Security if I retired before any early retirement offers? I know there is a penalty on FERS because I do not have 30 years.

A. No, you wouldn’t receive the special retirement supplement. No one who retires under the MRA+10 provision can. Further, you need to be aware that your annuity would be reduced by 5 percent for every year you were under age 62 (5/12 percent per month). You could, of course, retire and delay the receipt of your annuity to a later date to reduce or eliminate the age penalty.


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.

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