Q. I started with the U.S. Postal Service in May 1994 as an rural carrier associate. I became a regular employee in 2001. If I quit my job, would I lose my health benefits? What about any of my other benefits?
A. If you quit your job before being eligible for an immediate annuity, your health and life insurance coverage would continue for 31 days at no expense to you. You would be able to continue your health benefits at your own expense under the temporary continuation of coverage provision. You would have the option of converting your life insurance coverage to a private policy, also at your own expense. If you have fewer than 20 years of creditable service, you’d be able to apply for a deferred annuity at age 62. If you had at least 20 years of service you could apply at age 60. In neither case would you be eligible to enroll in the health benefits or life insurance programs. Note: Because you have at least 10 years of covered service, you could apply for a deferred annuity under the MRA+10 provision; however, your annuity would be reduced by 5 percent for every year you were younger than age 62.