The prospect of a higher cap on Voluntary Separation Incentive Payments (VSIPs), again, failed to make it through in the annual defense authorization bill.
Congress once again is considering higher Voluntary Separation Incentive Payments (VSIPs) for civilian federal employees.
Senior Correspondent Mike Causey says if you’re hoping for a $40,000 buyout from your agency, you can forget about it, unless you work for DoD.
The Homeland Security and Governmental Affairs Committee will consider more than a dozen bills impacting the federal workforce this week. Here are a few worth watching.
Sen. James Lankford (R-Okla.) introduced new legislation that would increase the maximum VSIP from $25,000 to $40,000 for both federal civilian and defense employees.
Ever see the play Waiting for Godot? It’s about two smart guys who sit around for hours waiting for a guy named Godot who never shows up. That’s how many feds feel about buyouts.
The EPA’s watchdog says it missed the mark on some of the goals of an early retirement and buyout campaign.
Air Force civilians can now start working part-time while taking some of their retirement annuity.
The Trump administration wants to increase early retirement and separation incentives from a cap of $25,000 to $40,000 for all civilian federal employees. It also wants to create a governmentwide industry exchange program, which would let federal employees temporary work in a private corporation or association for no more than two years. The administration submitted both proposals to Congress to be included in the National Defense Authorization Act.
Gary Morton, AFGE’s VERA/VSIP lead negotiator, says employees also need to consider what budget cuts could mean for themselves and the agency in 2018.