Vesting

0

Q. What is the difference between being vested in the retirement service and being eligible for a retirement benefit?

A. There isn’t any difference. To be vested in the retirement system, you must you must have at least 5 years of creditable civilian service. If you were to leave government after having 5 years of creditable service under your belt (and didn’t ask for a refund of your retirement contributions), you’d be entitled to an annuity at age 62.

Share.

About Author

Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

Leave A Reply