Ask The Experts: Retirement

By Reg Jones

Annuity for four years of FERS service

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Q. I am a FERS employee with two years of service. I am on a two-year term employment. When it expires, I will have four years of FERS employment. I have already bought back my four years of academy time. I am 56 and will be 58 when my term employment ends.

Can I receive a FERS retirement annuity at the end of my term employment since I will have only four years of FERS time? Or do the four years of academy time that I bought back give me eight total years of creditable service? Since I would be only 58, I understand I would have to apply for a deferred retirement.

A. No. Because you don’t have five years of actual FERS service, you wouldn’t be eligible for an annuity. If you were, you could apply for a deferred annuity at age 62.

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  1. GAry Says:
    October 28th, 2012 at 9:10 am

    Words are important … looking at the OPM site, the qualifying word used is creditable … and creditable is not defined but is understood as time serviced or military time that is bought back. Rather than debate or assume, if I were you, I would apply for deferred retirement applying all your creditable years and see what happens. If you are denied retirement I would contact your Congressman and push … I would not give in or roll over.

    Sometimes you can never be sure of anything until you try.


  2. Joe S Says:
    October 28th, 2012 at 12:35 pm

    Agree on the FERS advice above. However, you can always apply and fund your own personal annuity with either non-qualified or non-FERS qualified money to create a lifetime income stream on the side. For more information, check out a great site –

    Best of luck!