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By Reg Jones

Benefits following RIF

January 24th, 2013 | Uncategorized

Q. I have 36 years of creditable service under CSRS, and I am 56 years of age. In a reduction-in-force situation, assuming I was not placed in another government position, would I be entitled to both 52 weeks severance pay and an immediate annuity?

A. Because you’d be eligible for an annuity, you wouldn’t be eligible for severance pay.

Tags: annuity, creditable service, CSRS, reduction-in-force, severance pay

FedLine Home | Permalink | January 24th, 2013

Comments

Get Out Says:
January 24th, 2013 at 6:24 pm
With 36 years of service under CSRS, an annuity eligibility at age 55, this question shows what is basically awry with unionized public service. With almost 80% of their yearly income assured during retirement, if they are forced to leave from such a cushy gig, will they get paid to leave too? Why retire when you don’t really work that hard? Forget someone else needing a job. Stay until you die at your work station. Its your job for life, right?