Q. I am 48 years old with 18 years as a letter carrier. I have completed my master’s degree and am looking for work in a new field. Can I resign/retire before my minimum retirement age of 56 and still collect some kind of annuity? I am under FERS.
Browsing: Minimum retirement age
Q. What is the FERS minimum retirement age to get benefit eligibility?
Q. If involuntary separated (reduction in force) from civil service with 10 years of service and 56 years old (minimum retirement age eligible), am I forced to file retirement under MRA with 30 percent penalty and draw no severance pay, or can I collect severance and MRA retirement with penalty?
Q. I have 29 creditable years (including active duty) in the North Carolina National Guard. Of that time, I have 13+ years of active-duty time. I am 47 years old. If I make a deposit have the active-duty time applied to 18½ years of Postal Service, would I be able to retire from the USPS and receive my retirement right away without any penalty? Also, would I still receive my full 29 years of creditable military service as a retirement when I reach age 60, or will buying my active-duty time and applying it to USPS mess this up?
Q. I am a Postal Service letter carrier under FERS retirement. I would like to retire Oct. 1 (early retirement). I will be 59 with 27 years of service. Will I qualify for the supplemental annuity at 60? And how can I calculate that annuity?
Q. I retired from the Air National Guard with 20 years (16 FERS and four active-duty buyback). Under MRA+10, can I apply for my annuity at my minimum retirement age (56 years, four months)? I read that I will be penalized 5 percent for every year I am under 62. Doing the math, it appears that it would take roughly 18 years to make up the difference in retirement pay if I waited until age 62. In other words, am I better off taking a 25 percent penalty at 57 rather than drawing at 60 or 62?
Q. I am 55 with 36 years of federal employment, including two one-year breaks in service. The last break was in 1985. I withdrew the funds I had paid into CSRS each time I broke service and have repaid a minimal amount of it. I thought I would be one of those people who worked forever; however, I have a progressively degenerative medical condition and likely will not be able to work more than another year at the most. I am totally ignorant about retirement and to what benefits I am entitled. For example, will my pension benefits be reduced…
Q. I work for the federal Bureau of Prisons under FERS. I have eight years of active military paid for and five years’ civilian service. If I resign my position, will I be eligible to collect a deferred annuity at 57, my MRA, with the 5 percent penalty, because that will be more than 10 years’ government service combined, or will I have to wait till age 62?
Q. I am 57, have worked for the Postal Service for 26 years, qualified for minimum retirement age last July. What circumstances for retirement would entitle me to the special retirement supplement to be paid until I am age 62? In September 2014, my office hours will be reduced to six per day and my wages will be cut. Will I be offered a reduction in force so I can retire with a supplement at that time? Or will I just have to take a cut in pay and a cut in hours and not be considered a postmaster anymore?
Q. I am nearly 48 with 23 years of service. If I were to accept a Voluntary Early Retirement Authority, if one were offered when I turned 50, other than not receiving the special retirement supplement until I reach my minimum retirement age, what benefit is there if I wait until I am 56 with 30 years of service as opposed to 50 and 25?