Ask The Experts: Retirement

By Reg Jones

FERS benefits

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Q. I have 22 years for FERS service but resigned at age 42.

1. When will I be eligible for my annuity?

2. Can I begin taking money earlier? If so, what is the penalty?

3. Do I still calculate my benefits as 22 percent of my high-3, provided I begin withdrawals at age 62?

A. 1. Age 60.

2. No.

3. At age 60, your annuity would be 22 percent of your high-3 on the day you left government.

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