Q & A Session – Retirement and the Buyout

Ask the Lawyer received the following question (paraphrased for easier reading and clarity) from a reader on a legal matter that might be of interest to the entire audience.

Q:

I have 35 years of service with the U.S. Postal Service. I am under CSRS, 63 years old, and looking to retire soon. If I submit my paperwork now and then a buyout is offered before my retirement date, will I be able to take advantage of the buyout, or should I wait until the buyout is offered before I submit my paperwork?

A:

You should wait until the buyout is offered. If you announce early, your agency can simply deny the buyout.

Bill Bransford is managing partner of Shaw Bransford & Roth PC.

Disclaimer: Ask a Lawyer publishes information on this website for informational purposes only. Information on this website is intended – but not promised, guaranteed, or warranted – to reflect correct, complete and current developments. In addition, the contents of the website do not constitute legal advice and do not necessarily reflect the opinions of the attorney. Information from this website is not intended to be used as a substitute for specific legal advice, nor should you consider it as such. You should not act, or refrain from acting, based on information on this website without seeking specific legal advice about your particular circumstances. No attorney-client relationship between you and Ask a Lawyer’s author is created by the transmission of information to or from this site.