RIF and penalty on annuity


Q. If I am RIF’ed under FERS with 24 years of service at age 58 in September 2014, am I going to be penalized 5 percent per year on my annuity for being under 62 years old, or is there no penalty? I am an EAS employee with the Postal Service.

A. If you are hit by a reduction in force and retired, the age penalty would be waived.


About Author

Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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