Over 100,000 civil servants will qualify for retirement aged 50 on final salary pensions as part of the coalition's cuts to public sector jobs.
Chancellor George Osborne pledged to cut half a million public sector jobs in the Spending Review last week.
As a result, civil servants are being offered early retirement deals in which they forsake their lump sum redundancy payment in exchange for a full final salary available immediately.
Around 80,000 Whitehall civil servants are likely to qualify for the early retirement deals, as well as many thousands working in the NHS, local government and the police, the Daily Mail reports.
The scheme is set to cost £3bn, as public sector workers earning £60,000 will retire on an average income of £40,000 per year.
Paul Bruns and Elaine Parkes
3,000 left to transfer
Record numbers of people aged 90 plus
From 3 to 10 October