Q. I’m planning to retire in October 2019. I will be 58 years old with 30 years of FERS (including 11 years as a law enforcement officer), and eight and a half years of military service (I bought back my time). Will I incur penalties for retiring before 60? Am I eligible for the OPM supplemental Social Security benefit?
A. Because you have reached your minimum retirement age and have at least 30 years of service, you can retire on a penalty-free annuity whenever you want to. While you’ll also be entitled to the special retirement supplement, it will be based solely on your actual FERS service. The active duty for which you made a deposit won’t be included in that computation.