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[quote=Anonymous][quote=Anonymous]Does it really make sense to stay past 62 in order to get the extra .1 percent? I've never understood this with our retirement system as a Fed. [b]People with 20+yrs of service who are younger than 62 seem to be leaving my office in droves.[/b] I will hit 20 years in about 4 more years but I'll only be 50 by then. I'm maxed out at the GS level, so basically I need to work another 12 years for another .1%? Sigh. Seems kind of worthless if you ask me, but I have no other plans beyond that so guess I'll just stick it out. Can't complain that I get a pension, but the 1 vs 1.1% doesn't seem like much of an incentive. [/quote]

They’re just leaving, not necessarily retiring. They’re probably deferring.  If they’ve been gs-15s for more than a few years, they have maxed out. I’m not sure what they get for staying any longer except depressed wages.  I’m at 16 years and thinking about leaving (am not at the highest 15 yet though so it has to be for GOOD money).  Private sector pay in my field is so much higher. I don’t think the losses for me are going to be significant. [/quote]

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