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Congress, the economy and the White House are all moving in a direction that is likely to create the perfect storm for widespread buyouts within the federal service, Senior Correspondent Mike Causey says.
Although the number of retirement-eligible feds may be at an all-time high, government workers are holding on to their jobs. The retirement tidal wave — first forecast in 1999 — has yet to hit, Senior Correspondent Mike Causey says. So what's keeping you?
The Partnership for Public Service\'s new report warns the United States \"must not repeat the mistakes of the past\" with automatic across-the-board cuts.
Thanks to congressional inability to approve budgets, federal agencies must make decisions quickly on whether to offer buyouts and early retirements within the next few weeks, Senior Correspondent Mike Causey says.
On today\'s Federal Drive: The House fails to pass a continuing resolution, a Senate subcommittee approves a DHS hiring freeze and the Air Force is offering some 6,000 civilian buyouts.
The Air Force is planning to make payments to civilian employees to encourage them to leave the federal payroll, in addition to offers of early retirement. The service is trying to get to the level of civilian employment authorized under DoD\'s civilian hiring freeze, which mandates the department maintain its non-uniformed workforce at fiscal 2010 levels.
AMC is offering $25,000 dollars to more than 30 civilian employees at its headquarters in Redstone Arsenal in Alabama, Federal Times reports.
A list of federal agencies that considered or offered buyouts and early retirements in 2011.
Coming soon to a federal agency near you - buyouts. So do you fit the profile? Are you buyout bait or, asks Senior Correspondent Mike Causey, will you be the last person left to turn out the lights?
HHS and ATF are among the agencies preparing for a much lower budget in 2012 and beyond. Officials said short-term savings have been found, so now they must consider cuts to everything from real estate to personnel to non-critical functions.
Bill Bransford is a partner at the law firm, Shaw, Bransford & Roth. He joins the Federal Drive with information on the legal rights of employees who may feel targeted to accept buyouts.
The Government Printing Office wants to reduce staffing by 15 percent, and is offering buyouts as a way of getting there. Eventually. CHCO William Harris says the process won\'t be complete until the end of the year.
The Government Printing Office has put in a request to Congress to offer up to $25,000 in lump-sum buyouts and early outs to its 2,200 employees in anticipation of reduced appropriations next year.
More federal agencies are offering their employees money to quit. Federal News Radio spoke with certified financial planner Arthur Stein about the factors you should consider when thinking about a buyout.