Early retirement + no penalty?


Q. I am a CSRS employee with 32 years of service. I am 52 years old. Under a Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay program, could I apply for early retirement and not be penalized for the years before age 55?

A. No, you couldn’t. Your annuity would be reduced by 2 percent for every year (1/6 percent per month) that you were under age 55.


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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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