Q. I plan to take a postponed annuity in 2013 at age 60, under the FERS MRA+10 provision. I assume I need to specify the start date of my annuity when I apply for retirement with my agency human resources office this year. Can I later move up my annuity date? If Congress proposes to take away some of our FERS retirement benefits such as the special retirement supplement, I would like the option to start my annuity sooner even if it means my annuity may be slightly penalized?
A. Yes, you can specify when you want to receive your annuity when you retire and you can alter the timing at a later date.