Ask The Experts: Retirement

By Reg Jones

Deferred annuity

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Q. I will be resigning from the Postal Service and need to know a few things. If I withdraw all of my Thrift Savings Plan funds after resigning, will I still be able to apply for a deferred FERS annuity?

Upon resigning, I will be 49 with 22 years and 10 months of time. When would I be eligible for a deferred retirement: 56 or 60?

A. Although withdrawing your funds from the TSP would have no effect on your eligibility for a deferred retirement, taking a refund of your retirement contributions would. So, if you want a deferred annuity, leave them in the fund. Since you have at least 20 years of service, you could apply for a deferred annuity at age 60.

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  1. April Says:
    May 11th, 2012 at 7:04 pm

    That person would be eligible for defered retirement at 56 with a penalty for years under 60.