Q. I want to defer my retirement and get out at 50/20. It’s my understanding that if I wait until 60 to claim my retirement, I will retire with full benefits as if I had waited until the minimum retirement age of 56 years and 8 months. Is this true?
A. If you resign with at least 20 years of service and don’t ask for a refund of your retirement contributions, you can apply for a deferred annuity at age 60. The annuity you receive will be the one you would be entitled to based on your high-3 and years and full months of service on the day you left. Note: You won’t be able to re-enroll in either the FEHB or FEGLI programs when your annuity begins.