RIF, special retirement supplement and penalty

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Q. If I retire at 59 years and five months with 28+ years of service, under a reduction in force, would I qualify for the special retirement supplement and only be penalized until I reach 60?

A. You would be retiring under the MRA+10 provision. As a result, your annuity would be reduced by 5/12 percent for every month that you were under age 60. In addition, you wouldn’t be eligible for the special retirement supplement. No one who retires under the MRA+10 provision is.

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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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