Q. I am nearly 62 with 18 years service and separated from service at age 53. If I wait until 63 or later for a deferred FERS, is there an advantage in waiting longer?
A. There is no advantage to waiting. Your annuity will be based on your high-3 and years and full months of service on the day you resigned from the government. Therefore, you should fill out a Standard Form 3107, Application for Immediate Retirement (available at www.opm.gov, click on Find Form(s)), and send it to the Office of Personnel Management two months before your 62nd birthday.