Early retirement


Q. I am a 58-year-old FERS employee. I will have 25 years of creditable service in November, and I would like to retire. Is it wise to do so, or do I have to wait for VERA?

A. If you retire before your agency offers you a VERA, you’ll be retiring under the minimum retirement age +10 provision. Not only would your annuity be reduced by 5 percent for every year you are under age 62 but you wouldn’t be eligible to receive the special retirement supplement.


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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