Early retirement


Q. I am 60 years old and will have 25 years in September and will be 61 years old in that month. I am under FERS. I realize I have to be 62 in order to qualify for 1.1 percent of high 3, but what if a VERA is offered this year in Sept. If that VERA included adding years, would my retirement be calculated at the 1 percent or the 1.1 percent?  Or does it have to offer years and age to qualify for 1.1 percent?

A. There is no provision in law that would allow years to be added to either service or age.



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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 fedexperts@federaltimes.com.

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