Q. I am under FERS and will be 61 years old in July 2016. I will have 25 years and 4 months of service under my belt. Will I still lose 5 percent for being under 62 years of age if I retire in July 2016?
A. No, you won’t. Because you are at least 60 years old and have a least 20 years of service, you’ll be entitled to an immediate, unreduced annuity.