Q. If I’m at my minimum retirement age, have 20 years of service, retire and postpone my retirement until 59 instead of 60, would my annuity be reduced by 5 percent or 15 percent? A. You’d be retiring under the MRA+10 provision. Therefore, your annuity would be reduced by 5 percent for every year you were under age 62.
Browsing: Minimum retirement age
Q. I am 37 and have been in the Navy 20 years. I have begun the hiring process with the U.S. Border Patrol. I am an E-8. Should I try and buy back my years in military, which should cost about $8,000? Can I defer receipt of military retirement until I retire from the Border Patrol? I am also curious about the amount of buyback. Is it based on my rate of E-8 or on the total amount I made? Due to my billet and frequent deployments, I made twice what the base pay might be. I spent a lot…
Q. I resigned under FERS at age 52 with 30 years of service. Can I put in at age 56 and 2 months for collecting my retirement? A. If you were born in 1965, you would be entitled to an immediate unreduced annuity when you reach your minimum retirement age, which is age 56 and 2 months. Note: As a deferred annuitant, you wouldn’t be entitled to the special retirement supplement. Reg Jones is away until May 2. Daily posts of previously submitted questions will continue, while newer queries will be answered following his return.
Q. My husband and I were both federal employees and took the Voluntary Early Retirement Authority. The minimum retirement age for both of us is age 56. Will we both be eligible to receive the special retirement supplement at the MRA, or will only one of us receive the supplement at MRA? A. You will both be eligible for the SRS when you reach your MRA. Reg Jones is away until May 2. Daily posts of previously submitted questions will continue, while newer queries will be answered following his return.
Q. I have 29 years of service at the age of 47. I’m under FERS retirement. Is it true that you can retire with a retirement supplement at 30 years of service age 50? And I’d be entitled to the SRS when I reach my minimum retirement age?
Q. I am a FERS employee with 18 years of service. I am retired military with 20 years of service that I bought back soon after I became a FERS employee. I turn 56 this year. Am I entitled to the special retirement supplement and, if so, how would I calculate the amount? My question is based on guidance I was provided that stated the requirement for the SRS is “Retirement at MRA with 30 years” or “Retirement at age 60 with 20 years” … but only true FERS time counts, not military time.