Quote:
Originally Posted by retiredguy123
I think the FERS pension starts when you retire, which can be as early as 55 with 30 years of service. But, I think that, if you decide to take a withdrawal from your TSP account before your are 59.5 years old, there may be a penalty.
Another huge benefit for Federal retirees is that you can keep your employee health insurance plan and reject Medicare Parts B and D. I am a Federal retiree and I save thousands every year by not paying the Medicare IRMA premiums.
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For non-LEO now it’s 56 with 30 years and you can take TSP withdrawals under 59.5 without penalty . You also get a special supplement until you are 62 which is about 75% of what you will receive in SS at 62. I’m happy