FERS annuity computation


Q. I am 61 with 32 years of service and turn 62 in October 2014. Is there any way to avoid the lower multiple of 1.0 percent of the high-3 times years of service computation that is used for those retiring before age 62? I would like to retire in the spring or summer.

A. No, there isn’t. The law requires that you be age 62.


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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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