Q. If I have worked 6.5 years of civil service in FERS and I buy back my military time (four years), will I be eligible for the MRA+10 retirement at age 57 if I leave federal work now? Also, if I work 10 years in civil service and buy back my military time, will I get 14 percent (10 + 4) of my high-3 or just the 10%?
A. Yes, making a deposit to get credit for your active-duty service would make you eligible to retire under the MRA+10 provision at 57. Your annuity would be computed under the standard formula: 0.01 x your high-3 x your years and full months of service (actual and service for which a deposit has been made). Note: If you retire under the MRA+10 provision, your annuity will be reduced by 5 percent for every year you are under age 62. You could reduce or eliminate that penalty by deferring the receipt of your annuity.
