Q. I just received my 2016 personal statement of benefits from the U.S. Postal Service and my date of retirement eligibility is Feb. 10, 2019.. I’ll be 56 the next day, which is my minimum age of retirement. My total creditable service will be 29 years and five months. Do I get full retirement benefits, annuity, and a Social Security supplement or MRA + 10, since my creditable service is under 30 years?
A. Your agency was just informing you that you reached the age at which you’d be eligible to retire. If you were to do that before reaching 30 years of service, you’d be retiring under the MRA + 10 provision. As a result, your annuity would be reduced by 5 percent per year (five-twelfths of 1 percent per month) that you were under age 60. Further, you wouldn’t be entitled to the special retirement supplement.