Q. I plan on retiring in 2013 under FERS immediate annuity under the 30-year/minimum retirement age with no penalty for age.
I am FERS code 8, and my annuity computation date and retirement computation date are both Feb. 8, 1983.
1. Is the earliest date that I can retire on to give me 30 years Feb. 8, 2013?
2. My 30 years will consist of FERS employment, “bought back” military time and “bought back” (via a redeposit) CSRS time. Will I qualify to receive the FERS annuity supplement even though I will not have 30 years of FERS-only time? Can I use military time and previous CSRS time to qualify to receive the FERS annuity supplement (i.e., the 30 years needed)?
A. The earliest date you can retire is the close of business on Feb. 7. At that point, you’ll have completed 30 years of service. If you retired Feb. 8, you would have competed 30 years and one day of service. Because you’ll be retiring at your MRA with 30 years of service, you’ll be entitled to the special retirement supplement. However, by law the SRS will be based solely on your actual years of FERS employment.
