CSRS Early Retirement Option
If your agency undergoes a major reorganization, reduction in force (RIF), or
transfer of function, and a significant percentage of the employees will be
separated, or will be reduced in pay, the head of your agency can ask the Office
of Personnel Management (OPM) to permit early optional retirement for eligible
employees.
By permitting early optional retirement, OPM can lessen the impact of
involuntary separations and demotions.
If the head of your agency gets approval from OPM to permit early optional
retirements, eligible employees will be notified of the opportunity to retire
voluntarily.
If you have at least 25 years of service, or you are at least age 50 and have
as much as 20 years of service, you may retire voluntarily on an immediate
annuity. (The annuity is reduced by 2 percent for each year you are under age
55.)
At least 5 years of your service must be civilian service, and you must have
been employed under the Civil Service Retirement System for at least 1 year out
of the last 2 years preceding retirement.
Source: OMP RI 83-6
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