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Reply to "Other feds just very depressed?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]15% of the federal workforce is 60+...won't all those folks just take some kind of buyout/retire? That seems like a fairly low-pain kind of RIF that is still fairly meaningful. Another 13.7% is between 55-60.[/quote] No, because most of us are feds because we were laid off at age 50+ during the great recession and don't even have 20 years in yet. We can't afford to retire. Most people, under FERs and TSP, can't afford to retire until 70, unlike the old federal retirement plan. [/quote] I am not a Fed. Is 20 years the magic number?[/quote] There is a system based on year of birth. I was born in 79 and must serve minimum of 35 years to retire. [/quote] Yeah the 35 years thing doesn't seem correct. Also born in 79, and I've never heard of this 35 years. Isn't MRA like age 57 or something, and max valuation for retirement annuity at 30 years? [/quote][/quote]
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