A federal authorities early retirement buyout is a program that permits eligible federal workers to retire early with a lump sum cost. The buyout is obtainable periodically, and the eligibility necessities and cost quantities range relying on the particular program. The newest federal authorities early retirement buyout was supplied in 2019, and it allowed eligible workers to retire with a lump sum cost of as much as $25,000.
Early retirement buyouts might be useful for each the federal government and workers. For the federal government, buyouts may also 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.
