No advantage in putting off retirement


Q. I am nearly 62 with 18 years service and separated from service at age 53. If I wait until 63 or later for a deferred FERS, is there an advantage in waiting longer?

A. There is no advantage to waiting. Your annuity will be based on your high-3 and years and full months of service on the day you resigned from the government. Therefore, you should fill out a Standard Form 3107, Application for Immediate Retirement (available at, click on Find Form(s)), and send it to the Office of Personnel Management two months before your 62nd birthday.


About Author

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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