Q. My spouse is sick. I am 59 and have 19 years of service. Can I take early retirement and keep my health insurance and life insurance? A. Yes, you could retire under the MRA+10 provision and continue your health and life insurance coverage, as long as you had been enrolled in them for the five consecutive years before you retire. However, your annuity would be reduced by 5 percent for every year you were under age 62. Alternatively, you could ask your employer to let you work part-time and retire on a penalty-free annuity at age 60.
Browsing: Early retirement
Q. I have 29 years of service at the age of 47. I’m under FERS retirement. Is it true that you can retire with a retirement supplement at 30 years of service age 50? And I’d be entitled to the SRS when I reach my minimum retirement age?
Q. I am 52 with 33 years and 3 months service (30 U.S. Postal Service and three in the Army). My minimum retirement age is 56 years 4 months. If I decided to leave the Postal Service now, what are the penalties?
Q. I am currently retired from the U.S. Postal Service. I was sick, asked for early retirement and was granted it. Should I have asked for disability retirement from the post office since I am disabled? If so, what should I do to ask for disability retirement?
Q. I have 4.5 year of active duty in the Army. I retired from the Army National Guard after 22 years and have worked at the U.S. Postal Service for 2.5 years. I’m 50 years old. Should I do a buy back to add to my years at the post office so that I can retire in 10 years?
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?
Q. I am 40 years old with 14 years of Federal Aviation Administration air traffic control. I have six years military and bought back my time. Can I take a deferred annuity and walk now with 20 years and then at age 60 apply for my retirement?