Fired today with over 24 years federal service in INS, CBP – retirement still possible?

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I’ve worked now for the INS and CBP for 24 years and 6 months. They started an investigation back in September of 2015. 5 years later, they terminated my employment. There is still a chance the union fights and I get my job back, however, if not, what are my retirement options?
Doesn’t look like I qualify for early retirement (I’m 48). I have 11 years regular and 13 years LE retirement. Help?

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Asked on October 6, 2020 8:38 pm
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The answer is determined by your termination. Since it was for cause and with your years of service and age, you are not eligible for an immediate retirement. You can, however, draw a deferred retirement once you reach your Minimum Retirement Age of 57. At that time your retirement will be calculated with 24 years of service and your high-3 as of today. And because you don’t have 30 years of service, that retirement at age 57 will be reduced 5% for every year you are under the age 62 or you can hold off until age 60 and avoid the age penalty. Good luck!

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Posted by (Questions: 0, Answers: 604)
Answered on October 6, 2020 9:37 pm