Browsing: MRA + 10

Q. I am a 59-year-old FERS employee with 16 years of service and I have been enrolled in the Federal Employees Health Benefits plan for the past 10 years. I am being removed for medical inability immediately and will have a disability retirement application pending with the Office of Personnel Management. I’d rather not pay the COBRA rate for health insurance while my application is pending (six-month processing time). However, if I am denied disability, do I lose forever my ability to continue under my federal health insurance as I would have had I retired under MRA+10?

Q. I am a 58-year-old Defense Department civilian GS-13 with 25 years. I am trying to decide when to retire in the next year or so. What will be the benefits if I wait and there is a reduction in force next year? Is there any risk that retirement benefits will be reduced if I wait?

Q. I’m a 57-year-old FERS employee with 21 years of service. My human resources benefits adviser said I will be eligible to retire on unreduced immediate annuity at 60 years old with 24 years of service. Would I be eligible for the special retirement supplement when I retire at 60 years old? The HR benefits adviser also said I can retire now on MRA+10 provisions, but my annuity will be reduced by 5 percent for every year I’m under 62. If I retire now, since I’m over 55 years old, would I be able to withdraw my Thrift Savings Plan…

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