Special retirement supplement and MRA+10


Q. I am 57 years old and will be 58 on Sept. 19. I will have 30 years of federal service on Jan. 25, 2013, and am covered under FERS. Can I retire on Dec. 28 and still get the Social Security supplement? I am aware that there will be a penalty for retiring before I have my 30 years, but that should be minimal as it is only for one month at a penalty of 5 percent per year. Is that correct? Or is the penalty for 5 percent per year until I reach age 62?

A. Because you would be retiring under MRA+10 provision, you wouldn’t be eligible for the special retirement supplement.


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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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