If RIF happens before retirement date

0

Q. I am in FERS, born June 20, 1953, with a service computation date of Nov. 6, 1983, and eligible to retire June 19. I just saw where my position is going to be a part of the reduction in force. If the RIF happens before my retirement date, will I still get my special retirement supplement? Would I get a buyout?

A. Yes, you would be able to receive an unreduced annuity and the special retirement supplement. No, you wouldn’t be entitled to a buyout. However, you could accept one if it was offered to you by your agency.

Share.

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.

Leave A Reply