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.