Q. What is the MRA + 10 provision?
A. MRA + 10 is shorthand for minimum retirement age with at least 10 years of service. It’s a provision in the FERS law that allows an employee with limited service to retire on an immediate annuity. The downside is that anyone retiring under the MRA + 10 provision will have his annuity reduced by 5 percent for every year (5/12 percent per month) he is under age 62. That age penalty can be reduced or eliminated by postponing the receipt of the annuity to a later date. Note: MRA’s range from 55 to 57, depending on the year in which you were born.