Reply to Fed — retire at 30 yrs, before 62?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Do any feds have great resources to learn about retirement? Like how it effects you if you retire at 57 but don’t take money out until 62? [/quote]

The problem there is that my understanding is that doesn’t allow you to keep the health insurance.[/quote]

That is not correct, [b]you keep your health care if you have your min. age have the years of service[/b].[/quote]

If you retire *on an annuity* at your minimum age. If you don’t take the money until later,  it’s a deferred retirement and you won’t keep FEHB.[/quote]

I don't know the answer to this question but below is what OPM says. Not clearly to what "entitled" means - qualify to take it or you must take it??

[i]In order to carry your FEHB coverage into retirement, [b]you must be entitled to retire on an immediate annuity[/b] under a retirement system for civilian employees (including the Federal Employees Retirement System (FERS) Minimum Retirement Age (MRA) + 10 retirement) and must have been continuously enrolled (or covered as a family member) in any FEHB plan(s) for the 5 years of service immediately before the date your annuity starts, or for the full period(s) of service since your first opportunity to enroll (if less than 5 years).[/i][/quote]

I think the PP above you is incorrect.  There are two concepts: deferred and postponed annuity.  If you leave the govt after five years you defer the annuity because you are not eligible to receive it.  If you meet the qualifications to draw your annuity but choose not to (perhaps age 57 but less than 30 years and don't want the penalty) you can postpone the annuity in which case if you are otherwise eligible you can reinstate FEHB coverage when you draw the annuity.[/quote]

Right but say you retire at 58, but don’t tahr annuity, you can’t stay on Fehb until you reject annuity at 62, so you’d need a spouses plan or an exchange plan in the meantime. I think?[/quote]

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