Q. I have 10 years with the military for which I haven’t made a deposit, and I will have 10 years in civil service. I’m a 55-year-old FERS employee. When will be the soonest time I can retire? If I leave the federal service before 62, can I still get my retirement when I’m 62?
A. The earliest that you could retire is when you reach your minimum retirement age, which is 56. However, you’d be retiring under the MRA + 10 provision and your annuity would be reduced by 5 percent for every year (five-twelfths of 1 percent per month) that you were under age 62. If you made a deposit to get credit for your active-duty service, you’d be able to retire on an unreduced annuity at age 60. If you leave federal service now, haven’t made a deposit for your active-duty service, and don’t ask for a refund of your retirement contributions, you could apply for an annuity at age 62.