Special retirement supplement and resignation

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Q. I celebrate my 25th anniversary with the federal government in February. At that time, I will be 58½ years old. If I were to resign and postpone my pension until 60 (my minimum retirement age), would I still receive the special retirement supplement when I file for retirement?

A. If you resigned and applied for a deferred annuity at age 60, you wouldn’t be entitled to the special retirement supplement. The same is true if you retired under the MRA+10 provision, whether or not you postponed the receipt of your annuity to a later date to reduce or avoid the 5 percent-per-year penalty for being under age 60. P.S. You have already reached your MRA, which is 56.

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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 fedexperts@federaltimes.com.

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