Q. I am a 59-year-old FERS employee with 29 years of Defense Department service. I will have 30 years service in August and will still be 59 at that time. I plan to continue working until I am 62 with 33 years service so I will qualify for the 1.1 percent FERS retirement annuity multiplier rather than the 1.0 percent multiplier used for retirees under the age of 62. Is there any way I can qualify for or negotiate to receive the 1.1 percent multiplier if I accept a Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay offer this summer and retire at age 59 with 30 years service?
A. No, you can’t. It’s a matter of law and cannot be negotiated.