5/17/2023 0 Comments Fers retirement date calculator![]() Law Enforcement Officers, Firefighters, and Air Traffic Controllers ![]() Partial deferred payment of the lump-sum credit if annuity commences after December 2, 1989, and before October 1, 1995. Partial deferred payment of the lump-sum credit if annuity commences after January 3, 1988, and before October 1, 1989. ![]() Post-retirement election of a fully reduced annuity or one-half reduced annuity to provide a current spouse annuity.Ĭomputation of partial annuity reduction.Īlternative forms of annuities available.Ĭomputation of alternative form of annuity. Post-retirement election of a fully reduced annuity or one-half reduced annuity to provide a former spouse annuity. Reduction in annuity supplement because of excess earnings.Įlection at time of retirement of a fully reduced annuity to provide a current spouse annuity.Įlection at time of retirement of a fully reduced annuity or a one-half reduced annuity to provide a former spouse annuity.Įlection of a self-only annuity or a one-half reduced annuity by married employees and Members.Ĭhanges of election before final adjudication.Ĭhanges of election after final adjudication. Proration of annuity for part-time service. Members of Congress and Congressional employees. Service not creditable because of an election under part 847 of this chapter.Īir traffic controllers, firefighters, law enforcement officers, and nuclear materials couriers. Refunds of deductions and service credit deposits made before becoming subject to FERS. Voluntary early retirement-substantial delayering, reorganization, reduction in force, transfer of function, or other workforce restructuring. Senior Executive Service, Defense Intelligence Senior Executive Service, and Senior Cryptologic Executive Service. Immediate voluntary retirement - basic age and service requirements.įirefighters, customs and border protection officers, law enforcement officers, members of the Capitol or Supreme Court Police, and nuclear materials couriers. If you have any other questions please contact a MOSERS benefit counselor.Federal Employees Retirement System - Basic AnnuityĮlections of retirement coverage under the District of Columbia Financial Responsibility and Management Assistance Act of 1995.Įmployees covered under the National Capital Revitalization and Self-Government Improvement Act of 1997.Įmployees covered under the District of Columbia Courts and Justice Technical Corrections Act of 1998.Ĭontinuation of coverage for former Federal employees of the Civilian Marksmanship Program.Ĭontinuation of coverage for food service employees of the House of Representatives or the Senate Restaurants. Leaving state employment prior to normal retirement would change the assumptions used and the projected benefit amounts on any previous benefit estimates you may have received because you would have less credited service than previously assumed. Keep in mind that the longer you work, the higher your monthly pension payment will be. The “Rule of 80” (or “Rule of 90” in MSEP 2011) simply allows some members with a lot of service to reach normal retirement age sooner than they otherwise would. A member of MSEP 2011 would reach normal retirement age at 67. For example, if a member of MSEP left state employment at age 48 with 18 years of service, they would reach normal retirement under MSEP at age 60 or under MSEP 2000 at age 62. Members are not required to have age and service equal 80 (or 90 for MSEP 2011) if they meet another set of age and service requirements first. Once you first meet retirement age and service requirements (see below) and complete the retirement process, you will receive monthly pension payments for your lifetime. If you are vested when you leave state employment ( five years of credited service for most members), you are eligible for a future pension benefit from MOSERS. You do not have to wait until age 70 to retire.
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