Retirement options


Q. If I retired at age 50 with 15 years of service, what would I be left with? Would I be able to get any health insurance?

A. You can’t retire at age 50 with 15 years of service. However, you could resign and apply for a unreduced deferred annuity at age 60. Or you could retire under the MRA+10 provision when you reach your minimum retirement age, which is 56 and 2 months. If you did, your annuity would be reduced by 5 percent for every year (5/12 percent per month) you were under age 62.

Under the temporary continuation of coverage provision, you’d be eligible to continue your health benefits for up to 18 months at your own expense, plus 2 percent for administrative costs. However, as a deferred retiree, you wouldn’t be able to reenroll in the FEHB program when your annuity begins.


About Author

Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to

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