Federal Retirement
Top 10 Retirement Questions Federal Employees Ask
- Your eligibility depends on your system (FERS or CSRS), your age, and years of creditable service. FERS employees must meet a Minimum Retirement Age (MRA) between 55–57.
- The formula is based on your "High-3" salary, years of service, and system (FERS or CSRS). Unused sick leave can increase your annuity.
- FERS employees receive Social Security. CSRS employees may qualify, but benefits may be reduced by the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO).
- FERS employees retiring before 62 may receive a temporary supplement that mimics Social Security. It stops at 62 and is reduced if you earn too much from wages.
- Yes, if you’re enrolled for the 5 years prior to retirement. FEHB can continue into retirement with the same coverage.
- It’s optional. Some retirees choose it for added coverage with FEHB; others decline it to avoid premiums. Decisions depend on cost, coverage needs, and personal health.
- TSP offers flexible lump sum, monthly payments, or life annuities. Taxes and Required Minimum Distributions (RMDs) apply starting at age 73.
- Yes. Choosing a full or partial survivor benefit lets your spouse continue FEHB and receive part of your pension. A reduction to your annuity applies.
- You may qualify for a deferred retirement. Your TSP remains yours, and your pension may start later depending on your age and years of service.
- You can carry FEGLI into retirement if eligible. Basic is often free after age 65 (with reduced coverage), while Option B and C require you to elect reductions or pay premiums.