A Fed Times reader asks:
“I’m 54 with 16 years of full-time service with the United States Postal Service. Leaving under my minimum retirement age of 57. Can I still receive an annuity?”
Reg’s response:
If you don’t ask for a refund of your retirement contributions when you leave, you’d be entitled to an unreduced annuity at age 62.
However, because you have at least 10 years of service, you’d be able to retire at your minimum retirement age under the MRA+10 provision; however, your annuity would be reduced by 5 percent (5/12ths of 1 percent per year) that you are under age 62.
