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If you delay the beginning date of your annuity, the age decrease will be minimized or removed. The age reduction applies to both the Civil Service Retirement System and the Federal Personnel Retirement System elements of your annuity, if you moved to FERS and part of your annuity is computed under the CSRS arrangement.

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The reduction is 1/6 of 1% (2% each year) for every month that you are under age 55 at the time of retirement. Survivor Advantages If you are married, your advantage will be reduced for a survivor advantage, unless your spouse consented to your election of less than a full survivor annuity.

If the total equates to 25%, the decrease is 5%. Unpaid or Refunded Service If you have a CSRS part in your annuity: The CSRS part of your advantage will be lowered by 10% of any deposit owed for CSRS non-deduction service carried out before October 1, 1982, unless the deposit was paid prior to retirement.

Alternative Annuity Your advantage may be minimized if you elected a swelling sum payment equal to your retirement contributions and a lowered regular monthly annuity, typically called an alternative annuity. Only non-disability annuitants who have a dangerous affliction or other critical medical condition can choose this alternative.  This Is Cool  are calculated in various methods depending on the annuitant's age and amount of service at retirement.

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FERS Disability Calculation if Age 62 or older at retirement, or Fulfill the age and service requirements for instant voluntary retirement You receive your "earned" annuity based on the basic FERS annuity calculation, as follows Annuity Formala Age, Solution If age 62 or older at retirement with less than twenty years of service, under age 62 received an immediate voluntary retirement 1 percent of your high-3 average income for each year of service If age 62 or older with 20 or more years of service 1.

Nevertheless, you are entitled to your "made" annuity, if it is larger than this amount. After the first 12 months 40% of your high-3 typical wage minus 60% of your Social Security advantage for any month in which you are entitled to Social Security special needs advantages. However, you are entitled to your "made" annuity, if it is bigger than this amount.