Q. I am a 61-year-old FERS employee with 25 years of creditable service. I turn 62 in May 2019. My agency is eliminating my position prior to me reaching age 62 and there will be no other position available. I was planning to work until age 62. Do I really lose the 10 percent increase in my retirement computation?
A. Yes, your annuity will be computed using the standard formula (01 x your high-3 x your years and full months of service) not the enhanced one you would have been entitled to if you had retired at age 62.