Q. I think I joined the federal workforce way too early. According to my service computation date, I will have reached 30 years on Aug. 8, 2018 — mere days after I turn 49 — and I’m guessing my earliest possible retirement date will be Dec. 31, 2018. Of course, this is all information I have gleaned from my research. My somewhat pessimistic guess is something will change that retirement date between now and then and kick it down the road beyond Dec. 31, 2018. What do you think?
A. Because you have at least 25 years of service, your earliest possible retirement date would be now, but only if your agency were to offer you that opportunity under the Voluntary Early Retirement Authority. If you weren’t offered a VERA, your earliest retirement date would be when you reach your minimum retirement age, which would be 57 and 10 months.
As a FERS employee, your annuity would be calculated using the following formula:
.01 x your high-3 x all years and full months of service
The more service you have, the greater the amount of your annuity. There’s no reason to believe that the rules for determining an employee’s eligibility to retire and the computation of his annuity will change between now and the time you retire.