Q. I am employed as a physician with the Federal Bureau of Prisons and am thus considered a law enforcement officer. I plan to retire at age 57 with 16.9 years of service. Will I qualify for a full pension, and will my PCAP be added to calculation of my pension?
A. You will be retiring under the MRA+10 provision (minimum retirement age with at least 10 years of service). Therefore, your annuity will be calculated using the standard formula — not the one for LEOs — and it will be reduced by 5 percent for every year you are younger than 62. You can reduce or eliminate that age penalty by retiring and postponing the receipt of your annuity. PCAPs are included in the computation if certain criteria are met. See 5 U.S.C. 5948, 5 CFR Part 595. Also see www.opm.gov/oca/html/pca.asp.