MRA+10 and annuity reductions


Q: I am a Federal Employees Retirement System employee with the U.S. Postal Service. I have been with the USPS for 26 years and want to retire now at age 58 (Minimum Retirement Age +10). I know that my annuity would be reduced by 5 percent per year for each year under 62 (20 percent overall) if I collect it now. I know if I delayed retirement until age 60, I’d get an unreduced annuity. But if I delayed my annuity until age 60 (while still retiring at age 58), would I get a full annuity, or would it be reduced by 10 percent for the two years under age 62?

A: You already know the answer: Because the annuity of anyone retiring under the MRA+10 provision would be reduced by 5 percent for every year he is under age 62, if you retired and began receiving your annuity at age 60, your annuity would be reduced by 10 percent.


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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to

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