“I am a 58 year old federal employee that was recently removed from service. I have 29 years and 2 months of creditable service. I also have about 2 years of service that is coded as FICA only. I would like to know if I am eligible for the FERS annuity.”

Reg’s Response

Yes, you are eligible for a FERS annuity under the MRA+10 provision (minimum retirement age with between 10 to 29 years of creditable service. The 2 years of FICA-covered employment isn’t creditable.) If you applied for a retirement benefit now, your annuity would be reduced by 5 percent for every year (5/12ths of 1 percent per month) you were under age 62. You can reduce or eliminate that penalty by postponing your retirement to a later date.

Got a question for the Federal Times expert? Send inquiries to: fedexperts@federaltimes.com.

Reg Jones, a charter member of the senior executive service, is the resident expert on retirement and the federal government at Federal Times. From 1979 until 1995, he served as an assistant director of the U.S. Office of Personnel Management handling recruiting and examining, white and blue collar pay, retirement, insurance and other issues. Opinions expressed are his own.

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