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…
Browsing: MRA
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…
Q. I’ve reached my minimum retirement age and have 29 years under FERS. I have more than 2,400 hours of sick leave. Will the sick leave time be added to my actual service and make me eligible to retire? A. No, it won’t. Sick leave is only added after you have reached the right combination of years and service to retire on an immediate annuity.
Q. I’m a FERS employee and plan to retire at minimum retirement age, which is 56. However, I’ll have fewer than 30 years of service. Is the 5 percent per year penalty based on each year short of 30 years, or is it based on each year short of age 62? A. The MRA+10 provision allows FERS employees to retire at their minimum retirement age with fewer than 30 years of service. If you retire under that provision, your annuity will be reduced by 5 percent for every year (or 5/12 of 1 percent per month) that you are under…
Q. I quit the U.S. Postal Service after working 14 years for them. Am I entitled to any sort of pension from the USPS when I turn 62 or 65? A. Yes, if you didn’t ask for a refund of your retirement contributions when you left. Regardless of whether you were covered by CSRS or FERS, you could apply for an annuity at age 62. If you were covered by FERS, you could also apply for an annuity when you reach your minimum retirement age. MRAs range from 55 to 57, depending on your year of birth. However, if you…
Q. I have a physical problem that may be classified as a disability. I’m 57 with 37 years of federal service, mostly with the U.S. Postal Service except for four years military. Are there any advantages in USPS disability for me, as I have passed my MRA?
Q. Is it true that retired military can be eligible for a U.S. Post Office retirement benefit with as little as 10 years of service?
Q. If I retire at 58 with 20 years of service, what exactly do I lose? Should I wait at least until 60, or 62 or 65?
Q. I am 52 with 33 years and 3 months service (30 U.S. Postal Service and three in the Army). My minimum retirement age is 56 years 4 months. If I decided to leave the Postal Service now, what are the penalties?
Q. When is the special retirement supplement payable to a retiree and when is it not?