I plan to retire (FERS) 1/15/2022 to insure I have my FEHB. Will it still be an immediate annuity?

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I started FEHB 1/8/2017, so I can’t retire until after 1/8/2022 (FERS, MRA with 35 years of service). I understand I won’t get my first annuity until 1 March (to cover February). I’m not worried about the lack of pay for the rest of January, but will it still be considered an “immediate annuity” as needed to continue FEHB?

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Asked on September 23, 2021 6:56 pm
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The quick answer is YES. This is because your annuity commences February 1, 2022, even though you do not see that money until March 2022.

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Posted by (Questions: 0, Answers: 331)
Answered on September 24, 2021 5:04 pm