A federal government early retirement buyout is a program that allows eligible federal employees to retire early with a lump sum payment. The buyout is offered periodically, and the eligibility requirements and payment amounts vary depending on the specific program. The most recent federal government early retirement buyout was offered in 2019, and it allowed eligible employees to retire with a lump sum payment of up to $25,000.
Early retirement buyouts can be beneficial for both the government and employees. For the government, buyouts can help to reduce the workforce and save money on salaries and benefits. For employees, buyouts can provide a financial incentive to retire early and pursue other interests.