Q. I received an “early-out/buyout” in 2006 with 22½ years of service prior to my minimum retirement age. I was age 46 at the time. Will I be eligible to receive any FERS annuity once I reach my minimum retirement age?
A. If you didn’t receive a refund of your retirement contributions, you’d be eligible for a deferred annuity when you reach your MRA. However, that annuity would be reduced by 5 percent for every year you were under age 62. Because you have at least 20 years of service, you could wait until you reach age 60 and receive an unreduced annuity.