Impact of new job on retirement benefits


Q: I have 19 years of federal service as of Jan. 26, 2011. I am 53 years old. I am being offered a position in my hometown. If I left now before my minimum retirement age of 56 and service requirement (20 years) are met, will I be able to draw on my retirement at age 62 and will I lose anything, other than reduction in annuity?

A: At age 62 you’d be able to apply for a deferred annuity, which wouldn’t be reduced. Use the following formula to see what your annuity would be: 0.01 x your high-3 on the day you left government x your years and full months of service.


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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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