The early retirement benefit is available in certain involuntary separation cases and in cases of voluntary separations during a major reorganization or reduction in force. To be eligible, you must meet the following requirements:. Refers to delayed payment of benefit until criteria are met, as follows: If you leave Federal service before you meet the age and service requirements for an immediate retirement benefit, you may be eligible for deferred retirement benefits.
To be eligible, you must have completed at least 5 years of creditable civilian service. You may receive benefits when you reach one of the following ages:. NOTE: Use the first business day of the month following your 62nd birthday for the commencing date on your application.
All benefits are retro-active to that date. If you neglected to apply at age 62 you will receive a lump sum payment for the time between the commencing date and the date you apply. For example, if you apply at age 65 you would receive a lump sum payment for 3 yrs. Many leave federal service for the private sector and often forget about their FERS contributions and annuity.
If you worked for the civil service or postal service for at least five years before leaving, and didn't withdraw your funds, you can either collect a FERS annuity at the ages specified in the above chart as early as age 60 with 20 years service or age 62 with 5 years of service or accept a lump sum payment. To collect your deferred annuity complete OPM form R Revised May and send it to the address listed on the form. The form has 9 pages of detailed instructions and general information about eligibility and payments, print it out for detailed guidance.
Contact OPM directly if you need assistance or to obtain a copy of this form with your service dates. The first part of the form is completed by OPM and includes a summary of your federal service. Complete a billing change form. Planning to apply for a deferred retirement and have Post military service? You must make a deposit to receive credit for the service. This must be done before your employment ends.
Speak to your Benefits Contact. You will to have access to myPay for up to one year after you separate. You will use it to access your final pay slip, obtain your W-2, and review your lump sum annual leave payment.
Let us know if you can't find the information you need, have a suggestion for improving this page, or found an error. If your question requires an immediate response, please use the Contact Us form. Operating Status loading Home About Learn about our organization, goals, and who to contact in HR. Find out about insurance programs, pay types, leave options, and retirement planning.
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Access your personnel information and process HR actions through these systems. Information for managers to support staff including engagement, recognition, and performance. Basic Benefit Plan If you have five or more years of creditable civilian service, you have 2 options: Deferred annuity - Leave your money in the retirement fund and apply for a deferred annuity once you meet the age and service requirements.
If you do not file a beneficiary form SF and die before the commencing date of your annuity, your benefits will be paid in the normal order of precedence. Refund of retirement deductions — Complete an application for a refund SF If you submit the form within 30 days of separation, return it to the Benefits Office.
After 30 days, forward it to OPM at the address on the form. If you have less than five years of creditable civilian service, your have 2 options: Leave your money in the retirement fund if you believe you may return to the Federal Government.
You may apply for a refund at any time after separation. Thrift Savings Plan TSP You are fully vested in your own contributions, any matching Government contributions, and any earnings on these contributions.
Withdrawal options : You have several withdrawal options. Refer to the TSP website for details. She resigned on February 9, She went on leave without pay July 30, , and returned to duty May 15, It includes all Federal civilian service; it is not adjusted upon her return to duty because she had no excess leave without pay.
Jean was first appointed to Federal civilian service on October 1, She had prior military service from June 7, , to March 5, This military service does not count for TSP vesting purposes. Mark was first appointed to Federal service on July 14, , and resigned on April 6, It is determined by adjusting his latest date of appointment by all prior civilian service. Adjusting his latest date of appointment by the amount of his prior service would result in a constructed date earlier than January 1, , but the TSP-SCD cannot be earlier than January 1, Charles was placed on leave without pay March 23, , and returned to duty November 30, His earlier date had to be adjusted to reflect his excess leave without pay.
He separated from civilian service to perform active duty military service January 3, After his period of military service, he was reemployed in civilian service pursuant to 38 U. Chapter 43 on October 5, It includes his military service because this type of military service is counted for TSP vesting purposes. Continue to Form TSP Changing your contributions? See how easy it is to complete this form.
No thanks, just download Form TSP Are you separated from federal employment? Yes No If you are separated from federal employment, you may change your address online at My Account: Profile Settings. YES, take me to My Account. Download Form TSP Thinking of taking a loan?
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