Early retirement’s effects on pension


Q. I am a 55-year-old city mail carrier with 18-plus years of service. How much of a reduction from my full retirement funds would result if I retired at 57 with 20 years of service?

A. Since you’d be retiring under the MRA+10 provision, your annuity would be reduced by 5 percent for every year you were under age 62. In addition, you wouldn’t be entitled to the special retirement supplement.


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.

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