Q. I am 50 years old and have over 30 years of service (bought back my military academy and military time) and am in FERS. My minimum retirement age is 56. Is there a penalty for retiring now (or, more specifically, in November, when I turn 51) in that I will not have reached my MRA?
A. Because you haven’t reached your MRA, you can’t retire now. If you are determined to leave government, you could resign and apply for a deferred annuity at age 60.