The FERS-Only “Minimum Retirement Age” – FEDweek


One term used in the Federal Employees Retirement System that does not apply in the older Civil Service Retirement System is “minimum retirement age” or  “MRA.”

If you were born Your MRA is:

1948   55 and 2 months

1949   55 and 4 months

1950   55 and 6 months

1951   55 and 8 months

1952   55 and 10 months

In 1953 through 1964: 56

1965   56 and 2 months

1966   56 and 4 months

1967   56 and 6 months

1968   56 and 8 months

1969   56 and 10 months

In 1970 and later: 57

Unlike CSRS employees who can retire at age 55 if they have 30 years of service, FERS employees have to wait until they reach their pertinent MRA (unless they were born before 1947, which would apply to almost no current FERS employees). Also unlike CSRS employees, FERS employees can retire when they reach their MRA and have at least 10 but fewer than 30 years of service.

While that’s a real plus for anyone who wants to leave before completing a full career, there are important things to know; it could turn into a costly decision.

If you retire under the MRA+10 provision, your annuity will be calculated using the standard formula: 0.01 x your high-3 x your years and full months of service. However, it will be reduced by 5/12 percent for every month you are under age 62. That’s 5 percent per year. You can reduce or eliminate that penalty by retiring and postponing the receipt of your annuity to a later date.

If you have at least five years of consecutive coverage under the Federal Employees Health Benefits or Federal Employees’ Group Life Insurance programs on the day you retire, you’ll be able to carry that coverage into retirement, with the premiums being deducted from your annuity payments. If you retire and postpone the receipt of your annuity to a later date, your coverage will stop; however, you’ll be able to reenroll when your annuity begins.

During the period before your annuity begins, you’ll receive a 31-day extension of coverage at no cost to yourself. You’ll also be able to continue your FEHB coverage for up to 18 months by paying the full premiums plus 2 percent to your former agency. You may also elect to convert your FEGLI to a private life insurance policy, for which you’d pay the premiums.

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Benefits Upon Passing of a Federal Employee or Retiree

Retirement Income Myths

The Federal Retirement Deal (It’s a Very Good One!)

TSP Outlines Strings Attached to Upcoming Investment ‘Window’

Leaving Federal Service? Go Out With Class

When Should a Federal Employee Apply for Social Security Benefits?

Federal Retirement Mistakes to Avoid

Federal Retirement: When Age Isn’t Just a Number

FERS & CSRS: What Happens to Your Annuity if You Come Back?

FERS Retirement Guide 2022