Q. I was born in 1967. I’m covered by FERS and want to retire at the age of 55 when I’ll have 34 years of federal service. Will I take a huge hit in my annuity?
A. Because you were born in 1967, your minimum retirement age is 56 years and 6 months. Although you wouldn’t be eligible to retire, you could resign and apply for a deferred annuity when you reach your MRA. However, if you did that, you wouldn’t be eligible to receive the special retirement supplement, nor would you be able to re-enroll in either the FEHB or FEGLI programs.
6 Comments
GREAT question! I was born in ’69, currently have 28 years of service, and have been wondering the same regarding my future FEHB benefits.
Now you know. Glad to be of service.
Based on my Estimate, I will be paying $102.38 of Unpaid CSRS Deposit. Does my annuity increases once I fully paid this Deposit?
Your annuity estimate is based on your high-3 and years of service. It doesn’t reflect the reduction that would occur at retirement if your CSRS deposit isn’t paid.
Good Day, sir
A person with type2 Diabetes with an A1C of 11, and positive from COVID19 with pneumonia.
Is he qualify for Alternative Form of Annuity?
Aside from a medical doctor. Thank you sir.
The only way for a federal employee to find out if he or she is eligible for the alternative form of annuity is to fill out form RI 38-122 (available at https://www.opm.gov/forms/pdf_fill/ri38-122.pdf) and send it to OPM.