Early retirement


Q.  Can I get a buyout with seven years to go before retirement?

A.  Any employee who is offered a voluntary separation incentive is free to accept it, whether or not he is eligible to retire. The purpose of the offer is to get employees to leave who wouldn’t do so without the incentive. To also be eligible to retire would require that you meet one of the following age and service criteria: age 50 with 20 years of service or at any age with 25.


About Author

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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