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I resigned from Federal service at my MRA of 56 (born in 1962). I had 27 years of service, and did a postponed (not deferred) retirement. I was originally planning on applying for my annuity shortly after I turn 60. I wanted to know if I wait until I’m 62, will I benefit from the 1.1% of my high-3 average salary for each year of service (instead of the 1% at 60)? Blocked by moderator
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Unfortunately not. In order to collect the 1.1% annuity computation, you must be age 62 or older at the time of separation on which entitlement to an annuity is based. Since you left federal service at age 56 and were entitled to an annuity, although postponed, that would make you ineligible for the higher annuity computation. Blocked by moderator
 Posted by Elaine Lumsden (Questions: 0, Answers: 386) Answered on May 20, 2021 9:07 pm
What is the difference between a deferred and postponed retirement? What is the eligibility for each of the two retirement options?
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