This is a critical issue, and I CAN'T get it wrong. Thus, I am starting a new thread specifically to get the definitive answer.
My situation and logic are as follows:
1. I am retiring under FERS, using Minimum Required Age, MRA + 10.
2. For every year that I am under the age of 62, I will be losing 5% of my annuity. There are no COLA adjustments until the age of 62, regardless of whether I take the annuity immediately upon retirement or at the age of 62.
3. I want to delay taking the annuity for as long as possible to reduce the 5% reduction. My reason for this is similar to deferring Social Security until the age of 70.
4. However, for as long as I will be deferring the annuity I will not be eligible to continue the Federal Employee Health Benefit (FEHB) coverage.
5. The FEHB coverage can resume at the time when I commence my annuity. <-- this is the crux of my question in this thread.
6. I can take TCC for 18 months, using the same health insurance I am using now but paying more for it (my part, the government part, plus 2%).
7. My plan is as follows:
- - leave work in July 2014
- request to defer my annuity
- use TCC for 18 months, until February 2016
- in 2016, commence the annuity and get FEHB at the same time.
I'd like to get item-5 confirmed, because in the other thread someone said that I could not do it. Thank you in advance,