Q. What is the MRA + 10 provision?
Browsing: MRA + 10
Q. I retired after 26 years of military service with a disability rating and have been a DoD civilian employee for seven years. I’m 58 now and considering full-time retirement but haven’t reached the MRA+10 requirement yet with only seven years in FERS. I have been told that I can sell back three years of my 26 military years and pay the difference. The questions are: Is that true? How would I find out the cost?
Q. I am hoping to leave service at 59 years old with 25 years of service. I was planning to postpone my annuity start date until I was 60. My understanding is if I postpone and do not defer my annuity, I could resume as if I just left service. I would be entitled to health insurance and my supplement until age 62; if I deferred I would be ineligible for either. I believe the words “postpone” and “defer” are not the same, though are similar in meaning. Do I need to meet my minimum retirement age to qualify for a postponed retirement?
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.…