CSRS buyout

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Q: Is there any talk of a buyout in FY12 for CSRS employees? I would think our employers would want us off the books so as to concentrate on FERS.

A: No there isn’t any such talk, nor could there be unless the law is changed. Any offers of early retirement or buyouts would have to be made to all employees — CSRS and FERS alike — in the organizations, geographic areas, occupations and grades where reductions are needed.

 

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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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