Q. I am a permanent, full-time, nonconditional federal employee (GS-7) under the FERS retirement program. I am 64 years old and will have five years of service Sept. 14. Am I eligible for any of the early retirement programs even though I do not have more than 20 years of service?
A. Until you reach age 62, you aren’t eligible to retire. However, when you turn age 62, you can retire on an immediate annuity. That opportunity is open to any employee who is at least age 62 and has five years of service.