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By Reg Jones

Questions on optional retirement

February 26th, 2013 | Uncategorized

Q. I’m a 59-year-old FERS employee with 27½ years of service. If I go on optional retirement at age 60, will I suffer a penalty, and will I receive the special retirement supplement till age 62, when Social Security kicks in?

A. No, you won’t suffer a penalty because you’ll be retiring at age 60 with at least 20 years of service. And, yes, you’ll receive the special retirement supplement until you reach age 62.

Tags: FERS, MRA+10, optional retirement, SOCIAL SECURITY, special retirement supplement

FedLine Home | Permalink | February 26th, 2013

Comments

tom cypert Says:
February 26th, 2013 at 12:31 pm
There is no penalty when you retire at age 60 with over 27 years of service.