I agreeto Idea Require 62 year olds to have more than 5 years of service
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Require 62 year olds to have more than 5 years of service

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Yes

If you are 60, you need to have 20 years of service. If you're just two years old, you only need 5 years of service. Why is there such a huge disparity between 60 and 62? If someone retires at 60 and works 20 years, they get the same FEHB retirement benefits as someone who retired 2 years older and only worked for 5 years. It seems like 62 year olds should have at least 10 years of federal service to get full retirement benefits.

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Submitted by Community Member 2 years ago

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Comments (2)

  1. Community Member

    I agree. The FERS pension for an employee with 5 years of service isn't costly to taxpayers, but the FEHB coverage is very expensive!

    2 years ago
    0
  2. Community Member

    Agreed! It happened, I think because the laws are made by old people to serve old peoples interest, not on logic on what's fair and best for the taxpayer and federal sustainability.

    2 years ago
    0