Q. I am a CSRS employee who will have 34 years of federal service this September, and I will be 54 years old in October. I know the best scenario is 35 years and age 55. But I have a personal family situation that has me thinking I may want to retire at the end of this year. How much of a penalty would it be for me?
A. You wouldn’t be eligible to retire. The earliest you could do that would be when you reach age 55.