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Reply to "“Lifer” feds, did you/are you planning to retire on schedule?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Fed atty here. I'll probably retire around age 52-55. I just don't see myself wanting to keep on putting in the grind in my late 50s after I'm already financially secure. I will just defer the FERS annuity until age 62. FWIW, I'm currently 46 with about 14 years at DOJ. So maybe I'll change my mind. But, I'm thinking I'll just do another 6-8 years and then call it a career.[/quote] Do you understand that you would be giving up the right to FEHB if you retire before you reach your MRA, which I expect is 57. [/quote] Yes, I am aware[/quote] Also don’t you give up like 5 percent for each year you are under your MRA? So assuming MRA is 57 (which it is for most FERS employees), and you retire at 53, you lost 20 percent of your pension.[/quote] You don't give up any percent if you defer your annuity until age 62.[/quote]
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