Annuity multiplier

2

Q. If you retire at the MRA with over 30 years of service, is your annuity based on 1.1 percent or is it 1 percent?

A. It would be 1 percent. Only employees who retire at age 62 or older with at least 20 years of service have their annuities computed using the 1.1 percent multiplier.

Share.

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.

2 Comments

  1. I’m a Air Traffic Controller and will turn 56 (MRA) on 01/20/2019 with 36 years “Good time”. Pay period ends on 01/19/2019. What is the earliest date that I can retire with 1.7%?

    • You’ll have to check with your personnel office. The rules governing ATC retirement benefits were only published internally and aren’t available to others.

Reply To Reg Jones Cancel Reply