Voluntary Separation Incentive Payments - U.S. Office of Personnel ...
The Voluntary Separation Incentive Payment Authority, also known as buyout authority, allows agencies that are downsizing or restructuring to offer employees lump-sum payments up to $25,000 as an incentive to voluntarily separate.
The Voluntary Separation Incentive Payment (VSIP or buyout) Authority allows agencies to offer lump-sum payments to employees who are in surplus positions or have skills that are no longer needed in the workforce, as an incentive to separate.
Fork in the Road - U.S. Office of Personnel Management
Jan 28, 2025 · This program begins effective January 28 and is available to all federal employees until February 6. If you resign under this program, you will retain all pay and benefits regardless of your daily workload and will be exempted from all applicable in-person work requirements until September 30, 2025 (or earlier if you choose to accelerate your ...
Workforce Restructuring - U.S. Office of Personnel Management
Topics include Voluntary Early Retirement Authority and Voluntary Separation Incentive Payments (also known as buyouts) which are tools agencies may use to avoid or lessen the impact of reductions in force (RIF).
5 CFR 842.213 covers VERA for employees covered by the Federal Employees Retirement System (FERS). On June 15, 2004, OPM published 5 CFR parts 831 and 842 in the Federal Register at 69 FR 33277, which contain the final VERA regulations (effective on …
“buyout”, VSIP allows agencies that are downsizing or restructuring to offer employees lump-sum SURVEY payments up to PERIOD $25,000 (or the employee’s severance pay amount, whichever is less) as an incentive to voluntarily retire or resign.
Annuitants - U.S. Office of Personnel Management
Public Law 103-226, the Federal Workforce Restructuring Act of 1994 (FWRA), authorized certain Federal agencies to offer voluntary separation incentive payments (VSIPs) or buyouts to their employees who retired during the period from March 30, 1994, to March 31, 1995.
Voluntary Early Retirement Authority - U.S. Office of Personnel …
Voluntary Early Retirement offers apply to employees covered under both the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS).
FY 2025 Congressional Budget Justification and Annual …
Beginning in FY 2026, this proposal would allow OPM to access a capped amount of mandatory funding annually from the Employees Health Benefits Fund to develop and maintain eligibility and enrollment systems for PSHB and FEHB.
Retirement Services - OPM.gov - U.S. Office of Personnel …
Services Online lets annuitants (federal retirees or their spouses, ex-spouses, and children) manage their account online.