Federal retirements dropped in 2019, as employees cite wide variety of motivations to stay or go

Article Excerpt: "...Many survey respondents said they planned to retire at age 62, because the Federal Employee Retirement System (FERS) incentivizes participants to keep working until that specific age...For the purposes of calculating their annuities, 62-year-old employees receive 1.1% of their average highest three years of salary for each year of service, instead of 1%..."

Resource: federalnewsnetwork.com