FERS Deferred Retirement: Eligibility and Benefit Calculations

FERS Deferred Retirement Overview

FERS Deferred Retirement allows former federal employees to receive retirement benefits after leaving federal service before retirement eligibility. Understanding the rules and calculations is crucial for planning.

Key Requirements

• Minimum 5 years of creditable service
• Leave federal contributions in retirement system
• Meet age requirements when applying

When Benefits Begin

• Age 62 with 5+ years of service
• Age 60 with 20+ years of service
• MRA with 30+ years of service
• MRA with 10-30 years (reduced benefit)

Important Considerations

• No FEHB/FEGLI coverage
• Reduced benefit if taken before age 62
• Impact on Social Security benefits
• Survivor benefit options