Q. I am 48 and have 30 years of federal service. I work for the Department of Veterans Affairs and have not heard any discussions about buyouts, early outs, etc. What options do I have for early retirement, buyout, resign, etc.? In my opinion, if someone has worked 30 consecutive years, there should be no minimum retirement age. A. That may be your opinion, but it isn’t the law. If you want to leave before you meet the age and service requirements to retire, you can do that. You have two choices. You can either stick it out until you…
Browsing: Buyouts
Q. I am CSRS employee with 31 years of service and I am 61 years old. I just went on leave without pay because of extended health problems. Would that cause problem if my agency offers buyouts? Also, can I ask for retirement figures without submitting retirement papers and would that cause problem if buyout is offers? A. The fact that you are on leave without pay would not prevent you from being offered a buyout if your position was among those that your agency wanted vacated. Neither would asking for an estimate of what your annuity would be. You…
Q. I am a FERS employee with 25 years of service. I am 47 years old. I will have 25 years in law enforcement in January. Will I be eligible for the buyouts if they are offered? I am told they will want buyouts off the books by November. A. The fact that you would be eligible to retire doesn’t affect your ability to accept a buyout if one is offered to you.
Q: According to the American Postal Workers Union, the grievance to give postal employees who took early out in 2008 and 2009 severance pay is now 15 months old. Is this going to happen? I voluntarily left, moved over for the next person, then in October 2009, they came out with the $15,000 buyout. I feel that postal employees who retired early really got the shaft. A: No one who accepts an offer to retire early is eligible for severance pay. On the other hand, what you may be asking is whether the U.S. Postal Service is going to give…
Q: Are Defense Department buyouts for fiscal 2010 forthcoming? If so, when? A: We haven’t heard anything.