Retirement benefits

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Q. I plan on retiring when I am approximately 62½ years old. I’ve worked for TSA 10 years now and 2½ years will be 12½ total years.

What would my retirement include, i.e. health benefits and anything else?

A. Your annuity would be 12.5 percent of your highest three consecutive years of average basic pay (your high-3). And you’d be able to apply for a Social Security benefit. You’d also be able to continue your health benefits and life insurance coverage if you had been continuously enrolled in those programs for the five consecutive years before you retired.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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