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[quote=Anonymous][quote]My question is why don't more Fed employees retire at 57, then take part time jobs as contractors? With the FERS annuity and a part time salary, it might not be much less than what they are currently earning.[/quote] The simple answer is, feds are eligible at 57 for a reduced pension. Full pension comes at 62. If you stay the extra five years, the muliplier is also increased from 1% per year to 1.1% per year. It almost never makes any sense to bail at 57 for another job. [/quote]
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