Q & A
I am CSRS with 33 years of service at age 52. I am considering a Voluntary Early Retirement Authority offer and understand the annuity is reduced 2 percent for each year under age 55. Is this a one-time annuity reduction at time of retirement, or is the reduction computed every year against the inflation-adjusted annuity?
Answer: It’s a one-time permanent reduction.
Source: Reg Jones, FederalTimes.com – February 16, 2014
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