Q. I have been working full time for the Department of Veterans Affairs (term employee in research) for nine years and four months. We may have to move out of state for my husband’s job. Is there any benefit to delaying the move to reach 10 years of service? I was also in the Army Reserve for six years, but never active duty.
A. Because you have at least five years of service, if you didn’t ask for a refund of your contributions when you left, you could apply for an annuity at age 62. If you stayed at work until you had 10 years of service and didn’t ask for a refund, you could apply for a annuity when you reached your minimum retirement age (MRAs range from 55 to 57 depending on your year of birth). However, under the MRA+10 provision, your annuity would be reduced by 5 percent for every year (5/12 percent per month) that you were under age 62.