What do younger federal workers have in common with the Javan Rhino, the Hawaiian Monk Seal and the Giant Chinese Salamander? All of them are on the rare or...
Question: What do a relatively small group of federal workers have in common with the Giant Chinese Salamander or the Hawaiian Monk Seal?
Answer: There aren’t many of them out there.
You are in your 20s or 30s, the civil service version of an endangered species, and all the older folks in the office talk about is “buyouts.” Boorrrring…
Or maybe not.
Over the next couple of months — especially February and March — buyout offers are likely to peak. After going through the (mostly) reduced 2012 budget figures, agencies are going to look for ways to meet their new numbers without resorting to layoffs of furloughs. They are also under orders from the White House to bring in more top (and young) talent via an expanded intern program. So somebody has to make room.
Buyouts — especially for middle- and upper-grade workers — are the answer. It is more cost-effective to induce an upper-income worker to leave (with a $25,000 payout) than stay on the payroll and collect two, three or four times that amount of money by sticking around another year.
If enough old-timers (I know, look whose talking) can be persuaded, that could open the promotion pipeline which, in many parts of the government, has been clogged for a long time. Hundreds of thousands of feds (mostly under the more generous CSRS retirement program) have long been eligible to retire. Many, who were hanging on because of the economy (or they like their jobs), might be persuaded to leave with an extra $13,000 to $15,000 (their share of the buyout after deductions) to ease the transition from work to whatever.
Most agencies are operating on less money than they had last year.
Furloughs and layoffs (especially when unemployment is a major issue in an election year) are not the way to go. Layoffs — RIFs in federalese — would also cut into diversity gains which have been an important part of the administration’s goal to increase the number of minorities and women in middle- and upper-level jobs. Under RIF rules — last hired, first fired — workers with seniority and those with veterans preference are relatively fire-proof. The Clinton administration initiated the buyout program largely to protect its diversity gains. Most of the buyout-takers back then were men and many of them otherwise fire-proof veterans.
Bottom line: Even if you are the youngest, least senior person in the office, with another 10, 20, 30 or, heaven forfend, 40 years to go, pay special attention when somebody says “buyout.” It could be your ticket to promotion, prestige, higher pay — pay freeze notwithstanding — and a much bigger annuity when R-day finally arrives.
MLK Day
What Holiday? Monday was a holiday for most feds. But lots of people had (or chose) to work. We asked anybody who could, to check in. Such as:
Finally, from way down in Texas,
NEARLY USELESS FACTOID
By Jack Moore
If you’re looking for the TV remote, there’s about a 50 percent chance, it’s lodged in between the couch cushions, according to a 2011 study from computer-accessory manufacturer Logitech. About 4 percent of misplaced remotes are found in the refrigerator or freezer, according to Life’s Little Mysteries. Hmm….
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Mike Causey is senior correspondent for Federal News Network and writes his daily Federal Report column on federal employees’ pay, benefits and retirement.
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