Q. I resigned January 2017 after 30 years federal service (age 51). I am now struggling to make ends meet and am seriously thinking about retirement. Please help me to understand the pros and cons if I take this step.
Browsing: Minimum retirement age
Q. I’ve just received notice that I am eligible for VERA at the U.S. Postal Service and adding up my years found that I’ve been with the Postal Service for 19 years and 6 months. However, I just turned 53 and I bought my military time of 3 years when I first entered the Postal Service. Retirement would be possible if I qualify for SRS. Do I qualify for the SRS? And If I do, when does it go into effect?
Q. I have 20 years of service at 50 years of age. I am thinking about leaving the government. I plan to defer my retirement. I understand if I do this, I will lose my health and life benefits. I also understand I would not lose them if I wait until I am 56. My question is, if I return to the government when I am 57, and retire at 60, will I be eligible to receive full retirement benefits? That would give me 23 years of service at 60.
Q. I want to defer my retirement and get out at 50/20. It’s my understanding that if I wait until 60 to claim my retirement, I will retire with full benefits as if I had waited until the minimum retirement age of 56 years and 8 months. Is this true?
Q. I am 56, but only have six years of government service time. Even though I’ve worked for a U.S. government agency for 31 years, only my time with government service counts toward retirement. Would I be allowed to leave the government before my minimum retirement age and take a deferred annuity at age 62? If this is possible, would I be able to keep my medical coverage?
Q. Is it true that any FERS employee who leaves government and postpones the annuity to avoid the age reduction would not get the special retirement supplement? I ask because I have reached my minimum retirement age of 56, with 26 years of service. What would happen if I left the government for another job and postponed my annuity until age 60?
Q. I’m a FERS employee. I thought I had read somewhere that when you leave government early and apply for a deferred retirement, you have to wait until you are 62 to receive your annuity. Is that not true? Would you be eligible for the FERS supplement in this case?