WOULD LARGER BUYOUTS LEAD TO MASS RETIREMENTS? - July 13, 2017
Would More Generous Buyouts Trigger Long-Rumored Retirement Wave?
By Erich Wagner, Government Executive
Federal workforce observers said that given the ongoing uncertainty about employees’ pay and benefits, a proposed increase to the amount agencies can offer workers to retire early could be a boon to the White House’s goal of shrinking the government’s footprint.
The Office of Management and Budget confirmed Tuesday that the Trump administration has asked Congress to expand governmentwide a Defense pilot program boosting the cap on civilian employee Voluntary Separation Incentive Payments from $25,000 to $40,000.