Legislative Branch

Change the rules for SSA in the case of early outs/buy outs

Early outs and buyouts are tools for managing the size of the federal workforce, but there doesn't appear to be thought given to asking SSA to make provisions for those taking advantage of those programs. It would be actuarially sound for SSA to consider making such provisions, lessening the penalties, as the FERS system becomes the primary retirement system for federal employees.

 

With the retirement age being raised for full SSA benefits, what will the future federal workforce look like with a lot of 70 1/2 year old employees running the government? Without a way to lessen the penalties for retiring before that age, the advantage of buyouts is significantly reduced. The federal government loses this management tool.

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Idea No. 4468