Q. I am under FERS and will be 61 years old in July 2016. I will have 25 years and 4 months of service under my belt. Will I still lose 5 percent for being under 62 years of age if I retire in July 2016?
Browsing: Early retirement
Q. My wife quit her federal government job but did not know at age 62 she would be entitled to an annuity. We have since applied for her annuity. She had worked approximately 17 years. She is 63 years old, and we have applied to OPM. Will they back pay her from age 62?
Q. I am 54 years old and have been working for the U.S. Postal Service for 22 years as a city carrier. Am I eligible for retirement? What percentage of my pay will I be able to receive? A. No, you aren’t eligible to retire now. However, you could resign from the government and apply for a deferred annuity under the MRA+10 provision. If you did, your annuity would be reduced by 5 percent for every year (5/12 percent per month) you were under age 60. Your annuity would be based on your high-3 and years of service as a FERS employee when you left.…
Q. I am 57 years old. I plan to retire from the U.S. Postal Service on April 1, 2016, with 29 years and eight months under my belt, plus three years of military buy back, equaling 32 years and eight months of creditable service. Will I have to do the full 30 years under FERS to get the special retirement supplement?
Q. I am 46 years old with 27 years of civil service. I would like to retire now under FERS. How does this affect the FERS base annuity and FERS supplement? My MRA is 56 years old, plus 10 months. How much of a reduction will I receive?