FERS early out penalty

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Q: Is there a FERS early out penalty (five per year under MRA or 60, etc?)? If I took an early-out with 25 years of service at 53 years old would my retirement (not TSP) be reduced a percentage for each year under MRA or 60?

A: Under FERS, the age penalty is waived for any employee who accepts an early retirement offer.

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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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