"...If you are a FERS employee and you retire on an immediate, unreduced annuity before reaching age 62, you will not only receive your basic annuity but an additional payment that represents the amount of Social Security benefit you earned while a FERS employee. It’s called the special retirement supplement (SRS). An immediate, unreduced annuity is payable to..."
Reference: www.fedweek.com
Microsoft’s plan for reducing its workforce: Retirement buyout vs. layoff
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*Article Excerpt:* "...Employees at and below the senior director level
whose age and tenure at Microsoft add up to at least 70 are eligible for
what is...