Q. I am 46 years old with 27 years of civil service. I would like to retire now under FERS. How does this affect the FERS base annuity and FERS supplement? My MRA is 56 years old, plus 10 months. How much of a reduction will I receive?
A. Unless you are offered an early retirement opportunity by your agency under the Voluntary Early Retirement Authority, you aren’t old enough to retire now. You could only resign. If you did, you’d be entitled to a deferred annuity at age 60. That annuity would be calculated using the standard formula: .01 X your high-3 on the day you left X your years and full months of service. Because you’d be receiving a deferred annuity, you wouldn’t be entitled to the special retirement supplement.