Buyout eligibility

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Q. Is there such a thing as a buyout for Civil Service Retirement System employees who are already eligible to retire?

A. When an agency offers a buyout, it does so to encourage employees to retire who would otherwise not do so. It confines those offers to individuals in organizations, occupations and grade levels where the need for staff reductions is greatest. The fact that someone is already eligible to retire would have no effect on his ability to accept a buyout.

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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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