That sounds like alot...
More than 9,000 federal public servants apply for early retirement
More than 9,000 federal public servants have applied for an early retirement package, with only three days left for employees to submit an application to leave the federal government early without penalty on their pension.
The Liberal government launched the Early Retirement Incentive Program this spring, inviting eligible public servants to apply to retire with an “immediate pension based on years of service, with no reduction for retiring early.” The deadline for public servants to apply for the program is Friday, July 24.
Last December, approximately 68,000 public servants received notices informing them they could be eligible for early retirement.
The Treasury Board of Canada Secretariat says, as of July 22, 9,141 applications have been received for the Early Retirement Incentive Program.
A total of 6,581 applications have been “confirmed to meet the criteria” and approved for early retirement, while 25 applications have been denied.
Federal employees approved for the early retirement package must retire by Jan. 20, 2027.
The government says being eligible for the early retirement incentive program does not guarantee your application will be approved. The Deputy Head in a department will review the applications to confirm whether the following Treasury Board-approved criteria have been met:
- The organization needs to reduce its workforce
- Services to Canadians will be maintained
- Current and future operational or business needs will continue to be met
More than 9,000 federal public servants have applied for an early retirement package, with only three days left for employees to submit an application to leave the federal government early without penalty.
www.ctvnews.ca