RIF and deferred annuity


Q. I am 56 with eight years of service. With a reduction in force, would I qualify for a deferred annuity at 62?  If so, is the formula still .01 percent of high-3 x eight years? Also, what about my health insurance? Would this be lost, or could I reapply at 62?

A. Yes, you would be able to apply for a deferred annuity at age 62, which would be computed using the standard formula. No, you wouldn’t be able to re-enroll in the Federal Employees Health Benefits program.


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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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