Federal Managers Association

In the News

• Postponing Retirement Problems: Part 1 - April 19, 2024

• It’s important to know the difference between a postponed retirement and a deferred retirement.

  Tammy Flanagan, Government Executive

  Experience is the worst teacher. It always gives the test first and the instruction afterward.” This is a quote by Vern Law who played 16 seasons pitching for the Pittsburgh Pirates baseball team. This is a relevant quote to start today’s column because it was through some very tough experiences that it was discovered that very important instructions were not followed that would allow lifetime insurance coverage under a postponed Minimum Retirement Age + 10 retirement.

  It is also possible that better instructions need to be written for former federal employees who choose the option to postpone applying for retirement under the FERS MRA + 10 retirement option. The postponed retirement date is allowed so that the applicant can avoid a 5% reduction for every year they are under age 62 (prorated by the number of months) at the time the FERS annuity benefit commences. 

  To read the full article, click here.

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