Q.  I am 54 years old,and have 34 years’ service. I don’t want the early-out my agency is offering. However, since my agency is offering buyouts, can I get the buyout at only 54 years old?

A   If a buyout is offered, you can accept it at any age. However, unless you meet the age and service requirements to retire, you’d have to take the money and apply for a deferred retirement at age 62. You could only retire if your agency coupled the buyout with an offer of early retirement.


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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

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