FERS Retirement Eligibility
Retirement eligibility under FERS is determined by a federal employee’s age and number of years of creditable service.
When retiring as a regular FERS (Federal Employee Retirement System) employee, your eligibility is based off of years of service and age. You must meet one of the three main minimum age and service requirements in order to qualify for an “immediate” unreduced pension. While there are other factors to consider when planning for retirement, such as income needs, strategies around social security and health benefits, the basic requirements are a good place to start.
MRA (Minimum Retirement Age) with at least 30 years of service
Retiring at MRA with at least 30 years of service is the earliest a regular FERS employee can retire (other than excepting an “Early Out” option) without a penalty. Minimum retirement age is based on the year of birth of the FERS employee. Follow link to read more. https://bit.ly/3q22DDM