Federal Employee Buyout

The Federal Employee Buyout (FEBA) is a process by which the federal government reduces its workforce through a buyout program, giving eligible employees early retirement benefits in exchange for their service and pay.

What is FEBA?

Eligibility	Employees in certain government agencies are eligible to participate in the buyout program.
Benefits	The buyout program provides early retirement benefits, including pay and eligibility, to eligible federal employees. The benefits amount varies depending on the year and length of service.

How Does FEBA Work?

Here is an overview of the buyout program:

Employer Contributions	The government pays a portion of the employee's salary, with the remaining amount coming from the federal government.
Retirement Benefits	The buyout program provides early retirement benefits to eligible employees. The benefit amounts vary depending on the year and length of service.

What Can Employees Do?

Here are some options:

Request a Buyout	You can request a buyout from your HR representative or department head, who will assist you with the application process.
Cancel Your Request	Once your buyout is approved, you should cancel your request to avoid any penalties or deductions from your paycheck.

What Should Employees Know?

Here are some key points:

Timeline	The buyout program typically starts in the fall of each year, with eligible employees receiving their buyout payment in January or February.
Penalties and Deductions	Some federal employees may be subject to penalties or deductions if they cancel their request for a buyout before the end of the year.