Federal Employees News Digest

Federal Benefits Q&A

Question: “I am a postal clerk, 52 years of age with 28.5 years of service. I am in FERS. I am looking to possibly quit the Postal Service as there doesn't appear to be an early out on the horizon. What exactly would I lose by doing this? I realize I lose my health and life insurance benefits.”

Answer: If you were to leave the Postal Service at age 53 with 28.5 years of service, then: (1) assuming you do not withdraw your FERS contributions, you will receive a deferred FERS annuity starting the month you become age 60; (2) you will keep all of your TSP account (including the agency matching and automatic 1 percent contribution), but you cannot withdraw it (without penalty) until you are at least age 59.5; (3) you lose your health, life, dental and vision benefits; and (4) you will not receive the FERS annuity supplement.

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