Retire at MRA?

For those topics that don't have a place in any of the other forums.

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SmokingGun
Posts: 10
Joined: Fri Mar 10, 2017 6:00 pm

Re: Retire at MRA?

Post by SmokingGun »

CrocSix wrote:I say if you can do it then go for it.


here here! :mrgreen:

TSPBuilder
Posts: 259
Joined: Tue Jun 19, 2012 2:14 pm

Re: Retire at MRA?

Post by TSPBuilder »

mjedlin66 wrote:If I understand correctly, the three biggest differences between a full MRA retirement and a deferred retirement are:

1. No FEHB for deferred retirement.
2. Annuity starts earlier with MRA retirement, and with no age penalty. The no penalty age for deferred retirement is 62.
3. By working to MRA, you will have worked more years so the FERS annuity will be much bigger.

If that is the case, then I am even more likely to retire at 40. I thought I would have to give up my pension completely to retire early. A partial pension starting at age 62 makes it so that all I have to do is-

A) Fund my lifestyle fully from taxable accounts until age 62.
B) Figure out health insurance.


mjedlin66,

If you can go back to work for the Federal Gov't for one pay period once you hit MRA you will be entitled to FEHB. This was suggested to me as an option by my HR.

User avatar
Longstreet
Posts: 44
Joined: Mon Jun 17, 2013 10:39 am

Re: Retire at MRA?

Post by Longstreet »

Not sure about that. Check out the second bullet on page 1 of the link to the OPM website below.

We recently had a retirement seminar on base with Ed Zurndorfer of Myfederalretirement/FederalSoup and he said that you need to be continuously employed for 5 years before retiring in order to carry over FEHB. I'd check with your HR office again to be sure. Let me know if you find out anything different though!

https://www.opm.gov/healthcare-insurance/fastfacts/thinkfehb.pdf

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