| ♥ 0 |
I am 52.9 years of age. I will have 30 years of federal service in Sept 2021. My MRA is 56.11. Blocked by moderator
Although separating in this manner will not prevent your eventual retirement it can impact your other benefits. The loss of FEHB and FEGLI coverage and the ability to continue them into retirement would be significant for most federal workers.
|
Posted by |
Private answer
YES! Although, IF you are fired for non-vax and that is not considered a discontinued service retirement, you are still eligible to draw against your federal service retirement, as long as you have left your FERS contributions in the retirement fund, once you reach your MRA with a 5% penalty for each year you are under the age of 62, unless you have 30 or more years, meaning you do not have to defer it to age 62. I am assuming you meant you will have 30 years of service in September 2022, not 2021. If you have less than 30 years of service when terminated, but 20 or more, you only need to defer it to age 60 to avoid the age penalty...you do not need to wait until age 62. Only people with less than 20 need to wait until age 62, to avoid the age penalty. BTW, have you seen where the President is recommending agencies wait until after the holidays to begin taking action for non--compliance? Blocked by moderator
 Posted by Elaine Lumsden (Questions: 0, Answers: 351) Answered on December 3, 2021 3:38 pm
Elaine, what if you have 30 years of creditable service (current age 52), do you still only need to defer to age 60 to avoid the age penalty?
|
