Early out


Q. Any more word on early-out incentives for 2011/2012, and would we get money or time added on our years?

A. We haven’t heard a thing. However, if early retirement offers are made, some of them may come with a financial incentive — aka a buyout. What won’t happen is having years added onto your actual service to either make you eligible to retire or to increase your annuity. There is no provision in law that would permit that.


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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