MRA penalty


Q. Does the 5 percent annual penalty for retiring under the MRA at age 56 cover the lifetime of distributions, or only until one reaches age 62?

A. If you retire under the MRA+10 provision (minimum retirement age with at least 10 but fewer than 30 years of service), your annuity will be permanently reduced by 5 percent (5/12 percent per month) that you are under age 62.


About Author

Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to

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