Q. I will be 55 years old with 22 years of government employment. When would be the earliest that I could retire?
A. You could retire at your minimum retirement age, which is 56. However, you would be doing so under the MRA+10 provision. As a result, your annuity would be reduced by 5 percent for every year you were under age 62.
6 Comments
Hi Mr. Jones I will be 56 and thinking about taking MRA knowing about the reductions. Will their be a offset since I will be getting SSA Disability ? Or should I just wait till I am 67 without any reductions. Thanks for your answer.
Since you aren’t retiring on disability, your annuity won’t be affected if you are approved for a Social Security disability benefit.
I CURRENTLY WORK FOR THE USPS AND I HAVE 30 YEARS OF SERVICE AND I AM 53 YEARS OLD..i WANT TO RETIRE AS SOON AS POSSIBLE, WILL THE RETIREMENT SUPPLEMENTAL INCOME STILL BE THERE WHEN I TURN 56 IN THREE YEARS? ARE THERE ANY ONGOING TALKS ABOUT DISCONTINUING THE SUPPLEMENT?
It would be fruitless to speculate about the fate of the special retirement supplement three years out. That would require a crystal ball, and mine is broken. All I know is that there isn’t any bill currently being considered in either the House or the Senate.
Hello,
I am under FERS and recently checked my tenure status which had me as conditional instead of permanent. I should have been permanent since 2015 but somehow that was overlooked . Either way, does my tenure affect my eligibility for retirement? I still have several years to go for retirement but would like to know if this is a big deal that I should be pushing to have fixed by personnel. How is the time in for retirement eligibility calculated?
While it would have no affect on your eligibility for retirement, you should still push to have your record corrected. Errors have a way of screwing up the processing of retirement applications.