Phased retirement and FEHB

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Q. If I’m age 62, with more than five years of service and immediately eligible for retirement, am I eligible for the new phased retirement program? If I do go on phased retirement, do I continue to participate in the same government health care and federal benefits programs I now have?

A. No, you aren’t. Under CSRS, you must be eligible for immediate retirement with at least 30 years of service at age 55, or with 20 years of service at age 60. Under FERS, you must be eligible for immediate retirement with at least 30 years of service at MRA (minimum retirement age 55-57, depending on your year of birth), or with 20 years of service at age 60. If you were eligible, you’d continue to have the same benefits you had before retiring from your full-time job.

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