A bill to increase buyouts to maximum of $40,000 has been introduced in the Senate.
Reduction in force (RIF) and VSIP (Voluntary Separation Incentive Pay) are two orderly, effective ways to shed groups of government employees. The author compares the two.
Federal employees are often being asked to do more work without any more reward. A common lament is that the work keeps piling up as more employees leave, and it just isn’t worth it if retirement benefits are going to be re-structured, on top of it. The author offers some tips to see if retiring earlier is worth doing.
If you were offered the chance to leave federal service with a buyout or an early out, are you prepared to make the right decision?