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 supplied in 2019, and it allowed eligible staff to retire with a lump sum fee of as much as $25,000.
Early retirement buyouts may be useful for each the federal government and staff. For the federal government, buyouts will help to cut back the workforce and lower your expenses on salaries and advantages. For workers, buyouts can present a monetary incentive to retire early and pursue different pursuits.