Q. I am thinking of retirement at age 62 years, two months and 10 days on Dec. 31. I am a retired Navy E-6 and draw a retired military pension. I will have just over 17 years of federal service and am covered by FERS as a GS-9 Step 10. I would like to apply for Social Security benefits at age 62. Would I be eligible to draw all three payments without reduction?
A. Yes. However, your Social Security benefit will be less than it would be if you waited until your full Social Security retirement age, which, for those born between 1945 and 1952, is 66.