By Reg Jones
Q. I am 51 years old with 19 years of 6(c) coverage plus one year of federal non-6(c) coverage. Am I eligible for an early-out?
A. Yes, you are, if one is offered. However, the downside is that your annuity would be computed using the standard formula, not the enhanced one for law enforcement officers and firefighters. That’s because you don’t have 20 years of covered service.
September 21st, 2013 at 9:11 am
Assuming I was told the right information when I asked this question in the past, you will still need to have 20 years service under 6(c) to take the early retirement.
The only “perk” you would have is if they offer cash with the early out. Sometimes the timing can work out for that.