Q. I am 50 years of age with 26 years of experience under FERS with U.S. Customs and Border Protection. I’ve been offered a job that far exceeds the one I’m currently at but would have to leave the agency. Is that possible with my time in and age limit? Can I file for retirement now? I’ve been told I could, but is resignation another option? From reading, doesn’t look good. If there is a better option, I’m all ears. Just want to be educated and not go in the wrong direction.
A. If you’ve served as a law enforcement office for 20 years and are 50 years old, you can retire any time you want to. However, if you retire and take the higher paying position, your salary will be offset by the amount of your annuity. Instead of retiring, it would make more sense to simply accept the higher paying position. Then, when you do retire, your annuity will be based on the high-3 in your new position. The more generous formula will be used to compute your 20 years as a law enforcement officer, with the remaining years computed using the standard formula..