Federal Managers Association
In the News
- SENATE VERSION OF NDAA INCLUDES BOOST TO VSIP FOR DOD EMPLOYEES - May 24, 2016
Senate aims to boost buyout offers to Defense Department employees
By Eric Yoder, The Washington Post
The Defense Department could dangle a much larger cash carrot before its employees to induce them to resign or retire, under a budget bill up for Senate voting this week.
The bill would grant the Pentagon’s request to increase the maximum “voluntary separation incentive payment” — more commonly known as a buyout — from $25,000 to $40,000.
A report released Monday by the Senate Armed Services Committee says the “increased maximum amount would adjust for inflation from when VSIP was first authorized for the Department of Defense in 1993.”
The increase apparently would apply only at that department, rather than government-wide. However, the department accounts for more than a third of executive branch employees outside the independent U.S. Postal Service.
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