A federal authorities early retirement buyout is a program that permits eligible federal staff to retire early with a lump sum fee. The buyout is obtainable periodically, and the eligibility necessities and fee quantities range relying on the precise program. The latest federal authorities early retirement buyout was provided in 2019, and it allowed eligible staff to retire with a lump sum fee of as much as $25,000.
Early retirement buyouts could be helpful for each the federal government and staff. For the federal government, buyouts might help to scale back the workforce and get monetary savings on salaries and advantages. For workers, buyouts can present a monetary incentive to retire early and pursue different pursuits.
