Early retirement


Q. I have 21 years in with the Postal Service and will be eligible to retire in four years at age 60 with no penalty. If an early-out is offered, how much money would I be losing in my pension either monthly or yearly by taking it rather than waiting out the four years?

A. Because you are a FERS employee, each year of your service adds 1 percent to your annuity. If you leave four years early, your annuity would be 4 percent less than it would be if you stayed on the job for those four years.


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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