1. What is Federal Early Retirement?

Federal employees may be eligible for early retirement under specific age and service combinations. The most common early retirement option is at age 57 with 30 years of service, or at Minimum Retirement Age (MRA) with reduced benefits.

2. How Does the Calculator Work?

The calculator evaluates your eligibility based on:

Explanation: Different rules apply depending on your retirement system (FERS or CSRS) and your specific combination of age and service years.

3. Importance of Retirement Planning

Details: Understanding your eligibility for early retirement helps in financial planning and transition from federal service.

4. Using the Calculator

Tips: Enter your current age, total years of federal service, and select your retirement system (FERS or CSRS).

5. Frequently Asked Questions (FAQ)

Q1: What is Minimum Retirement Age (MRA)?
A: MRA ranges from 55 to 57 depending on your birth year. Early retirement at MRA requires 30 years of service.

Q2: Are there penalties for early retirement?
A: Yes, retiring before age 62 with less than 30 years may result in reduced annuity under FERS.

Q3: Can I combine military and federal service?
A: Only if you paid a military deposit to credit that time toward your civilian retirement.

Q4: What about health insurance in retirement?
A: You must have been enrolled in FEHB for the 5 years immediately before retirement.

Q5: When should I contact HR about retirement?
A: At least 6-12 months before your planned retirement date to complete all paperwork.