3 pensions?


Q. I am working for the Postal Service and will have 13 years in at age 63, when I plan to retire (estimated retirement is 1 percent per year).

I also did 20 years in the Navy and am drawing my pension from there.

I am fully vested in Social Security, and have always worked jobs that paid into Social Security.

When I retire, can I draw all three pensions? Are there any penalties? If yes, what and why?

A. Yes you can, and no there aren’t.


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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