Q. I am a FERS employee and will be 61 in July 2016. Will I still lose 5 percent a year for every year I am under 62? I currently have 25 years and 4 months of service.
A. You need to be age 60 with 20 years of service to avoid the penalty.
Q. I am a FERS employee and will be 61 in July 2016. Will I still lose 5 percent a year for every year I am under 62? I currently have 25 years and 4 months of service.
A. You need to be age 60 with 20 years of service to avoid the penalty.