Q. I am a FERS employee with the Defense Logistics Agency and have 22 years of service. I turn 50 on Sept. 30. I am considering deferred retirement when I turn 50. What penalties would be applied if my minimum retirement age is 56? I am 100 percent VA disabled total permanent, but not sure I want to go through another disability battle with OPM.
A. While you could leave and receive a deferred retirement at your MRA, it would be reduced by 5 percent for every year you were under age 62. If you delayed applying for it until age 60, there wouldn’t be any reduction in your annuity. In neither case would you be able to reenroll in either the Federal Employees’ Group Life Insurance or Federal Employees Health Benefits programs.
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