October 10th, 2013 | annuity reduction Deferred retirement DOWNSIZING Minimum retirement age PAY RETIREMENT separation
Q. I was involuntarily separated by base closure and realignment in 1996 with 11 years of service. My minimum retirement age is 56. Can I begin my annuity at age 56 with a penalty?
A. Yes, you can. The penalty would be 5 percent for every year (5/12 percent per month) that you are under age 62.
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