A federal authorities early retirement buyout is a program that enables eligible federal workers to retire early with a lump sum fee. The buyout is obtainable periodically, and the eligibility necessities and fee quantities fluctuate relying on the precise program. The latest federal authorities early retirement buyout was supplied in 2019, and it allowed eligible workers 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 workers. For the federal government, buyouts may also 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.
