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Such elimination or actuarial reduction of immediate pensions would affect military retirees at an age when they are likely to have civilian job earnings nished by offering substantial cash bonuses to those involuntarily separated from the services beyond ten years and less than 30 years.
1 Members of Congress can begin drawing their full pension at age 62 if they have completed five years of service, at age 50 with 20 years' service, or at any age with 25 years' service.2  They can collect a reduced pension with 10 years of service at ages 55 to 57, depending on their birth year. 3  The Thrift Savings Plan. Members of Congress can begin drawing their full pension at age 62 if they have completed five years of service, at age 50 with 20 years' service, or at any age with 25 years' service.