Q. I am 56 with eight years of service. With a reduction in force, would I qualify for a deferred annuity at 62? If so, is the formula still .01 percent of high-3 x eight years? Also, what about my health insurance? Would this be lost, or could I reapply at 62?
A. Yes, you would be able to apply for a deferred annuity at age 62, which would be computed using the standard formula. No, you wouldn’t be able to re-enroll in the Federal Employees Health Benefits program.