FERS retirement


Q. I have 14 years’ federal civilian service and my minimum retirement age is 56. I retired from the U.S. military with 22 years’ active-duty service. I have already purchased my military time back and I have paid my deposit in full. I intend to waive my military retired pay and retire under FERS this year when I reach my MRA. Will my annuity be reduced 5 percent for each year that I am younger than 62?

A. No, because you will be retiring at your MRA with more than 30 combined years 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.

Leave A Reply