Q. The Postal Service is planning on offering another early-out incentive. I will have been with the postal service for 25 years on Aug. 31. I am 44 and was just offered my first teaching job (I am a credentialed math teacher). School starts Aug. 13. Is it better if I resign or take the deferred retirement (they are supposedly going to offer 25 years, no limit on age for deferment)? Does it matter if I make 25 years in or not? I would have to do a little magic to be “working” two jobs at the same time.
A. If you have 25 years of service, you can retire on an immediate annuity regardless of your age. If you don’t have enough years of service to do that, you can resign and apply for a deferred annuity. Because you have at least 20 years of service, you would be eligible for one at age 60.
