Early retirement guides

Federal employees have several paths to early retirement, each with different eligibility rules and financial implications. VERA, VSIP, MRA+10, and deferred retirement all offer ways to exit before standard retirement age — but each comes with trade-offs that need careful evaluation before you commit.

What early retirement options actually look like

Early retirement offers arrive with tight decision windows and long-term consequences. Whether an offer lands on your desk during a workforce reduction or you're weighing a voluntary path, understanding the mechanics matters.

VERA — Voluntary Early Retirement Authority

Eligibility, the age and service requirements, and how VERA affects your annuity calculation compared to standard retirement.

VSIP — Voluntary Separation Incentive Payments

The lump-sum buyout offer, when it appears, and how it interacts with VERA and other retirement mechanisms.

MRA+10 retirement

Retiring at your Minimum Retirement Age with 10 years of service, and the age-reduction penalty that comes with it.

Deferred retirement

Leaving federal service before eligibility and drawing your annuity later, and when this beats other options.

Postponed retirement

A specific structure for delaying your annuity to avoid the MRA+10 reduction — and when it applies.

Discontinued Service Retirement

The involuntary path, when it kicks in, and how it differs from voluntary early retirement in eligibility and payout.

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