Ask The Experts: Retirement

By Reg Jones

Excepted service retirement

Bookmark and Share

Q. I have 27 years with the government. At 23 years, I took a job with excepted service and it was not explained to me that they never offer early retirements. Is there any possibility of getting a retirement under FERS with excepted service at less than the full retirement number of years and age?

A. You didn’t mention how old you are. If you have reached your minimum retirement age, you could retire under the MRA+10 provision. However, your annuity would be reduced by 5 percent for every year you were under age 60.

Tags: , , , , , , ,

Comments

  1. Far West Fed Says:
    February 8th, 2013 at 2:09 pm

    From the FERS website, MRA +10: “Annuity is reduced by 5% for each year the employee is under age 62.” That is how mine has been calculated by HR as well if I go without VERA at 57, and I’ve often seen you say 62. Unless it is different for excepted service?

    Enjoy your column!

Leave a Reply

PLEASE NOTE! Do not submit ANY questions via the Comments form. Instead, please send your questions directly to fedexperts@federaltimes.com. Questions submitted via the Comments form will NOT be answered!