FERS Deferred Retirement | What Benefit Will I Give Up? (With Example)

Are you considering a FERS Deferred Retirement? Are you aware of the potential impacts that will occur if you do so? In this video, we discuss the FERS Deferred Retirement and what impacts it has on your other benefits as a Federal Employee.

Leave a comment below if you have any other questions regarding your FERS Deferred Retirement and the impacts it may have on your other benefits!
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Micah Shilanski, CFP®
#PlanYourFederalRetirement

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[johnfritz]

Another option you failed to mention is that of a postponed retirement. He could leave service now and then turn on his FEHB and receive his pension at 62.

[samg]

I beleive if you have 10 yrs or more, you should be able to start the annuity at the MRA, but you will take a 5%/year penalty for each year you are younger than 62.

[christopherfrisbey]

THANK YOU!!

I’m trying to convert my 13 years of military service to do a full 20 (I’ll be 47).

Curious If I can do that and defer my retirement to age 62💁🏻‍♂️

[generationy]

These videos are so helpful in planning my retirement. Thank you! I wonder does part-time work count towards FERS MRA? I am thinking about reducing my hours by my 50s. I enjoy my job and want to keep working, but I am also researching the FIRE movement options out there.

[Sonnyboy]

I have MRA of 60. If I defer my retirement at 55 with 17 years of service. Will I be able to collect at 60?

[so-youngkim]

Thank you for the wonderful explanation of the disadvantages of deferred retire. I have a couple of follow-up questions. My situation is that I will have worked for five years and be turning 61 years old this June. If I retire this June without requesting deferred retirement, can I still keep my FEHB? And then what happens to my FERS that I have saved that far?

[mariogarcia]

I am curious what GS or other pay grade that pays $185k a year?

[marylamot]

I bought back my military time of 13 years. I’m 38 y/o with 3 years current of federal Ttime. Total of 16 years current. When am eiligilable? Thank u

[commonsenseisntcommon]

MRA + 10 YRS ALSO YOU CAN RETIRE AT -5% X EVERY YEAR UNDER AGE 62.

[MsMdgrace]

I have 27 years of FERS. If I collect my deferred retirement at age 56/6... will this be a reduced from age 60 or 62?

[edjordan]

I am a dual status technician. At age 60 I would have 18 federal fers years. I qualify now for mra+10. Will I be able to deferr my retirement even though I'm eligible to draw on the mra10?

[thebeachguy]

I am doing a deferred retirement with the usps. I am 49 years old. I understand MRAs and such. My question is do I just resign from the USPS like normal or is there a special process so I can apply for my deferred retirement at 62. Thanks