Q. I’m in the MRA+10 category. If I leave government and apply for a postponed annuity, when can I enroll in FEHB? And, if so, would it be only after receiving an annuity or only during Open Season? A. When you apply for your postponed annuity, let OPM know that you want to re-enroll in the FEHB program. Then when you annuity begins. so will your FEHB coverage.
Browsing: MRA + 10
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. My spouse is sick. I am 59 and have 19 years of service. Can I take early retirement and keep my health insurance and life insurance? A. Yes, you could retire under the MRA+10 provision and continue your health and life insurance coverage, as long as you had been enrolled in them for the five consecutive years before you retire. However, your annuity would be reduced by 5 percent for every year you were under age 62. Alternatively, you could ask your employer to let you work part-time and retire on a penalty-free annuity at age 60.
Q. I have a progressive disease and am slowly reaching the end of my ability to do my job due to decreased mobility and fatigue. As of July 2018, I have worked for the federal government for 18 years. I will reach my minimum retirement age in February 2019. If I were to apply for a disability retirement, are the benefits better if I do so before or after reaching my MRA+10? Also, if I were granted a disability retirement under age 60, would I be penalized 5 percent for every year under age 62?
Q. I am MRA +10 and want to postpone receipt of my FERS annuity until I turn 62. My agency says if I choose to “postpone” I can’t retire but have to resign and contact the Office of Personnel Management six months before my 62nd birthday. How do I “retire and postpone” instead of resign?