Q. I have no plans to retire until I reach my MRA+30. I will reach my minimum retirement age in 2017. I will not have 30 years until July 2, 2019, by which point I plan to have about 1,300 hours of sick leave. Can I retire around Jan. 1, 2019, and have my unused my sick leave to calculate out to 30 years of service with no penalty?
A. No, you cannot. If you retire before you have 30 years of actual service, you’ll be retiring under the MRA+10 provision and your annuity will be reduced by 5 percent for every year you are under age 62. Sick leave is only added after you the meet the age and service requirements to retire.
