Can Peace Corps service count towards five year rule for retiring with FEHB
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I was a Peace Corps Volunteer 1980 -1982. I then became a nurse and served 4 total years (over two stints) at the VA. I’m currently employed at the VA and have been enrolled in FEHB for the full four years. I’m 63 and also “bought back” the two Peace Corps years so have six years service and can retire under 62 + 5. Will my 2 Peace Corps years count towards 5 year FEHB rule?
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Private answer
In order to retire on an immediate annuity, you need five years of creditable service and are age 62 or older. In this situation, you can take your FEHB into retirement however, if you resign federal service at age 63 with 6 years of creditable service, you are not retiring on an immediate annuity, you will be a deferred annuitant and as such would not be eligible to pick up FEHB at 62 when your annuity commences.
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Private answer
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