Q. I am 40 years old and have seven years of federal service under FERS. Is it worth my time to keep on working three more years so I’ll qualify for the MRA+10 benefit?
A. Even if you had 10 years of service, you couldn’t retire under the MRA+10 provision because you wouldn’t have reached your minimum retirement age, which is 57. However, because you have at least five years of creditable service, you could leave government at any time. If you didn’t ask for a refund of your retirement contributions, you could apply for a deferred annuity. If you did that before age 62, your annuity would be reduced by 5 percent for every year (5/12ths of 1 percent per month) that you were under age 62.