Do I Have to Wait For My MRA to Retire?

We’re answering the MRA retirement questions plus listing the pros and cons. To find out what they are, watch the video below!

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1 thought on “Do I Have to Wait For My MRA to Retire?”

  1. Under the FERS retirement, If I am age 59 and I have 29 years of service (including my military service) Do I have to work 30 years? Or can I retire now since I’ve reached my minimum age?

    Hi Laura. Voluntary unreduced retirement under FERS is MRA (55-57) with 30 years of service (including your military deposited time) OR 60 with 20 or any age with 62. You’d have to have 30 years. You could decided to do an MRA +10 retirement which requires only 10-29 years but that one has a financial penalty which amounts to 5% per year for each year the individual receives an annuity payment while under age 62. In your situation, with over 20 years, you could decide to resign right now and postpone receipt of your annuity until you are 60 in order to avoid the financial penalty. Be aware though that if you work for one more year, not only would you be entitled to your FERS benefit but also the FERS Annuity Supplement. If you leave under MRA +10 you will NOT be eligible for the Supplement.


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