Postponed Retirement Age and High-3


I resigned from Federal service at my MRA of 56 (born in 1962). I had 27 years of service, and did a postponed (not deferred) retirement. I was originally planning on applying for my annuity shortly after I turn 60. I wanted to know if I wait until I’m 62, will I benefit from the 1.1% of my high-3 average salary for each year of service (instead of the 1% at 60)?

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Posted by (Questions: 1, Answers: 0)
Asked on May 20, 2021 7:40 pm
Private answer

Unfortunately not. In order to collect the 1.1% annuity computation, you must be age 62 or older at the time of separation on which entitlement to an annuity is based. Since you left federal service at age 56 and were entitled to an annuity, although postponed, that would make you ineligible for the higher annuity computation.

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Posted by (Questions: 0, Answers: 325)
Answered on May 20, 2021 9:07 pm