ADMINISTRATION WANTS TO INCREASE BUYOUT PAYMENTS OF FEDS - July 12, 2017
White House Wants to Increase Federal Employee Buyout Payments
By Erich Wagner, Government Executive
The Trump administration has asked Congress to increase the amount agencies can offer employees for early retirement from $25,000 to $40,000 as it gears up for major workforce reductions in some agencies.
An Office of Management and Budget spokesperson confirmed that the Defense Department made the request to Congress last month. In the fiscal 2017 National Defense Authorization Act, Congress approved a one-year pilot program allowing for a maximum $40,000 buyout for civilian defense employees through the Voluntary Separation Incentive Payment program.