Buyout bonus after retirement?

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Q: I retired at the end of August 2010 and my agency is now offering a buyout for early retirement. Am I eligible for the buyout bonus? I meet the age and service requirements for voluntary early retirement.

A: No. The sole purpose of a buyout is to entice employees to leave or retire. No incentive other than an offer of early retirement was needed to get you to retire. You can hardly expect an after-the-fact reward for having done so. Besides, the law wouldn’t permit it.

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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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