Deferred retirement


Q. I’ve completed five years of creditable civilian service with the VA and “purchased” my four years of military service, and now I work for the state. If my annual average pay was $44k, how much can I expect to receive after I apply for deferred retirement at the age of 62? 65?

A. If you leave your retirement contributions in the fund, you would be eligible for a deferred retirement at age 62. It would be computed using this formula:
.01 x (your high-3 on the day you left) x (your years and full months of service)


About Author

Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to

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