By Reg Jones
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.
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.