Q. I have 27 years of service and am currently employed with the federal government. I am 52 years old and was born in 1965. If I decide to leave before reaching 30 years of service and take a reduced annuity upon reaching my minimum retirement age, will the penalty be 20 percent in each of the four years before reaching 60, or will the penalty get reduced as I get closer to 60?
A. When you apply for your annuity, it would be reduced by five-twelfths of 1 percent for every month (5 percent per year) that you are under age 62.