1. CSRS/FERS Retirements

2. CSRS Eligibility * Purchased military service credited time counts toward credited service,but doesn’t count towards vesting requirement. BenefitAge CriteriaYears of Credited Service Benefit Reduction Regular Retirement Age 625 years or moreNo Reduction Unreduced Early Ret At least age 6020 years or more No reduction Unreduced Early Ret At least age 5530 years or more No reduction

3. FERS Eligibility * Purchased military service credited time counts toward credited service,but doesn’t count towards vesting requirement. Type of Retirement Year of Birth Minimum Age Minimum Service for Unreduced Minimum Service for Reduced Benefits Reduction Optional and Deferred N/A625N/ANone N/A6020N/ANone Before 1948 5530105%

4. FERS Eligibility * Purchased military service credited time counts toward credited service,but doesn’t count towards vesting requirement. Type of Retirement Year of Birth Minimum AgeMinimum Service for Unreduced Minimum Service for Reduced Benefits Reduction Optional and Deferred Continued 1948 1949 1950 1951 1952 55 & 2 mos 55 & 4 mos 55 & 6 mos 55 & 8 mos 55 & 10 mos 30 10 5% for each year the employee is under age 62

5. FERS Eligibility * Purchased military service credited time counts toward credited service,but doesn’t count towards vesting requirement. Type of Retirement Year of Birth Minimum AgeMinimum Service for Unreduced Minimum Service for Reduced Benefits Reduction Optional and Deferred Continued 1953- 1964 1965 1966 1967 1968 1969 1970 & After 56 56& 2 mos 56 & 4 mos 56 & 6 mos 56 & 8 mos 56 & 10 mos 57 30 10 5% for each year the employee is under age 62

6. Survivor Benefit FERS Maximum Survivor Benefit –Annuity will be reduced by 10% –Survivor Spouse will receive 50% FERS Partial Survivor Benefit –Annuity will be reduced by 5% –Survivor Spouse will 25% Spouse pre-deceases retiree – benefit will revert to the amount before reduction CSRS Survivor Benefit varies, contact Terry White at MRG

7. Retirement Package CSRS or FERS Retirement Application provided by MRG Direct Deposit Form and voided check MCCS 100 Form Copies of 499 if eligible to continue insurance coverage.

8. Benefit Application Process Draft CSRS/FERS benefit application 3 months before retirement MRG will finalize retirement package the day after final and VP paycheck OPM 6 – 8 months behind Interim pay 80% until final adjudication

9. PeopleSoft Data Job Termination Effective Date Marital Status Terminating Benefits –Retirement Plan 7Y – Do Not Terminate

10. Insurance Benefits Insurance continuation process same as NAF Plan retirees Except - Premiums must be sent to the lockbox Questions? Terry White 703- 432-0419 DSN 378