Annuity calculation


Q. I have my minimum retirement age and 30 years of service. If I retire now (buyout), will my retirement check be recalculated when I turn 62 (1.1 percent vs. 1.0 (high-3 years) x years of service = retirement check)?

A. No. The annuity you receive when you retire will stay the same until you reach age 62. Then it will be increased by annual cost-of-living adjustments. With one exception, the same is true of the special retirement supplement you receive. It will end at age 62, whether or not you apply for a Social Security benefit.


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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

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