Q. I worked for the Department of Defense as a civilian physician for 16 years and then transferred to the Veterans Health Administration. I understand physician comparability allowance is part of basic pay for retirement for VHA. So, if I worked for the VHA for two years and then retired because I am at minimum retirement age plus 10, how would my annuity be calculated?
A. Your annuity would be calculated using the following formula: .01 x your highest three consecutive years of basic pay x your years and full months of service. However, because you would be retiring under the MRA+10 provision, your annuity would be reduced by 5 percent for every year (5/12 percent per month) that you were under age 62. You could retire and postpone the receipt of your annuity to reduce or eliminate that penalty.
