Buyout eligibility

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Q: I am 29 and I have been working for the government for a little more than five years. Am I eligible for the buyout? If so, how much would I be able to get?

A: If you were offered a buyout, there would be nothing that would prevent you from accepting it. Unlike early outs, you don’t have to be eligible to retire to accept one. The amount of the buyout would be whatever your agency is offering to all those employees it has identified as being surplus to its needs, not to exceed $25,000.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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