FERS Pension after buyout


Q. I worked for the federal government as a FERS employee for 14 years and then took a buyout and left my position. Will I receive my full pension at age 62 based on my high-3 at the time I left?

A. Yes, but only if you 1) left your retirement deductions in the retirement fund when you left and 2) apply for a deferred annuity. It won’t come to you automatically.


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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