Earliest date to retire

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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.

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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.

6 Comments

  1. 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.

  2. 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.

  3. alejandra de los santos on

    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.

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