11/03/10

Federal Employee's Retirement System (FERS) STUDY SHEET

FERS: Employees applying for non-disability retirement
must have 5 years of creditable civilian service. Certain civilian service is excluded under FERS rules, as
explained in Operating Manual 830-1, Chapter 21B. 
In addition military service can never be credited 
to meet the 5 year requirement.
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TYPE YEAR OF MINIMUM MINIMUM MINIMUM
    
BIRTH  AGE     SERVICE SERVICE
      
(YRS/MOS) UNREDUCED REDUCED
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N/A         62          5     N/A
N/A         60          20    N/A
1948        55          30    10
1948        55.2        30    10

OPTIONAL
1949        55.4        30    10

1950        55.6        30    10
AND 1951    55.8        30    10
1952        55.10       30    10
DEFERRED
1953        56          30    10

1964        56          30    10
AND 1965    56.2        30    10
1966        56.4        30    10
MRA + 10
1967        56.6        30    10

1968        56.8        30    10
1969        56.10       30    10
1970        57          30    10
N/A        *50        **20   N/A ______________________________________________________________

SPECIAL REQUIREMENTS: If electing MRA (Minimum Retirement
Age) with 10 years of service, the reduction is 5% for 
each year the employee is under age 62. If an employee
meets MRA+10 at the time of retirement and meets the
requirements to carry FEHB and FEGLI into retirement, 
the annuity can be postponed and the insurance will be
reinstated when annuity begins.

Any employee meeting MRA+10 on date of separation is
classified as meeting the requirements for an "immediate
annuity" and is not eligible for severance pay.

*SPECIAL REQUIREMENTS: Employee must retire under the
special retirement provisions for law enforcement officers, firefighters or FERS air traffic controllers.  Back ______________________________________________________________

EARLY N/A 50 20 N/A
VOLUNTARY N/A ANY 25 N/A
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SPECIAL REQUIREMENTS: Employee's organization must be 
undergoing a major reorganization, Transfer Of Function 
or Reduction In Force. OPM approval must be obtained to
conduct these "early-outs".  Back

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DISCONTINUED N/A 50 20 N/A
SERVICE N/A ANY 25 N/A
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Special requirements-employee's separation must be involuntary
and not for misconduct or delinquency. Employee must receive
a specific letter and not decline a reasonable offer. Upon
receipt of the specific letter, employee can resign 
immediately-not waiting for the results of a RIF.   Back

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DISABILITY N/A ANY 18MOS. N/A
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SPECIAL REQUIREMENTS: Employee must be disabled because of disease or injury which prevents them from performing useful & efficient service in their current position or in a vacant position at the same grade or pay level.       Back