Ask The Lawyer

By Debra Roth

Q & A Session – Retirement and the Buyout

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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.

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Comments

  1. jimbo 39 Says:
    August 15th, 2012 at 6:51 am

    Are you sure? It is our understanding that we can pull our papers right up till our retirement date. Why would they make you resubmit?