Early retirement


Q. I am under the FERS program.  I’m 45 years old with 25 years of federal service. If I quit now to take care of my mother, will I receive a pension, how much, and when will it begin?

A. You would be eligible for a deferred annuity at age 60. It would be based on your creditable service and high-3 on the day you left. Here’s the formula: 0.01 x your high-3 x your years and full months of service.



About Author

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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