Understanding FERS Retirement Options for Regular Professional Staff
Discover the benefits of FERS retirement for regular professional staff, including details on the FERS Basic Annuity, Retired Annuity Supplement, and Thrift Savings Plan eligibility. Explore retirement age options, annuity details, and considerations for retiring before or after the Minimum Retirement Age (MRA).
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FERS Retirement Regular Professional Staff by Chris Park
FERS Retirement Regular (Professional Staff) What do you get? 1. FERS Basic Annuity based on High 3 (does not include, night diff, allowances, bonuses, awards, OT) 1% per year or 1.1% at 62 y/o w/ 20 yrs of service 2. Retired Annuity Supplement (RAS) 3. Thrift Savings Plan Eligibility MRA and 10yrs MRA and 30yrs 60 and 20 yrs of service 62 and 5 yrs of service
FERS Retirement Regular **Choose your Retirement Age** Minimum Retirement Age (MRA) Next Slide Retirement at MRA 1970 and after 57 1953 1964 56 +2 months from 1964-1970 Age 60 Slide Retirement at 60 Age 62 Slide Retirement at 62 Before Minimum Retirement Age Slide Retirement Before MRA
Retirement at Minimum Retirement Age (MRA) 10-19 Years of Service 30 Years of Service 20 Years of Service Immediate Postpone until 62 Immediate Postpone until 60 Annuity FEHB RAS Full Full Full Permanently reduced -5% per yr below 62 (Ex. 57-62 = 25% reduction) Full NONE Permanently reduced -5% per yr below 62 (Ex. 57-62 = 25% reduction) Full NONE Annuity Annuity FEHB RAS Annuity FEHB Full at 60 Stopped until 60 None FEHB RAS Annuity FEHB Full at 62 Stopped until 62 None RAS RAS
Retirement at 60 Years of Age 10-19 Years of Service 20 Years of Service Immediate Postpone until 62 Full Full Full Annuity FEHB RAS Annuity FEHB Full at 62 Stopped until 62 None Permanently reduced -5% per yr below 62 (Ex. 57-62 = 25% reduction) Full NONE Annuity FEHB RAS RAS
Retirement at 62 Years of Age 10-19 Years of Service 20+ Years of Service Immediate Postpone until 62 Full w/ 1.1% multiplier vs 1% per year of service Full NONE Annuity FEHB RAS Annuity FEHB Full at 62 Stopped until 62 None Permanently reduced -5% per yr below 62 (Ex. 57-62 = 25% reduction) Full NONE Annuity FEHB RAS RAS
Retirement Before Minimum Retirement Age (MRA) 20-29 Years of Service 5-9 Years of Service 10-19 Years of Service Immediate Defer until 60 DEFER until 62 DEFER until MRA DEFER until 62 Permanently reduced -5% per yr below 62 (Ex. 57-62 = 25% reduction) NONE NONE Annuity FEHB RAS Full at 62 NONE NONE Full at 62 Annuity FEHB RAS Annuity NONE NONE FEHB RAS Permanently reduced -5% per yr below 62 (Ex. 57-62 = 25% reduction) NONE NONE 30 Years of Service Annuity FEHB RAS Full at 60 NONE NONE Annuity Annuity FEHB RAS Full at MRA NONE NONE FEHB RAS
Healthcare If you postpone beginning date of annuity, ex. 57-62, you will be able to continue health benefits for 18 months from day of separation. (Must contact agency w/in 60 day and pay premium +2% admin fee.) Must have had FEHB for 5yrs prior to separation.
Credits and Sources The FERSGUIDE 2025 Regular FERS, Dan Jamison www.opm.gov CSRS FERS Handbook HRD WIRU Presentation update 02/20/2025 Federal Employees Handbook, FEDweek
