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Air Force to offer early retirement, buyouts to civilians
federalnewsnetwork›The Associated Press›DefenseJul 15, 2014The Air Force will offer early retirement and buyouts to civilian personnel, in order to eliminate nearly 3,500 positions, officials announced Monday. The service estimates the cuts will save the Air Force $1.6 billion over the next five years. Trimming the workforce will help the Air Force meet a Defense Department directive requiring each service to reduce its costs and staffing levelsAuthor: Shefali Kapadia
DOD has civilian buyout, retirement authority > U.S. Air
DOD has civilian buyout, retirement authority. Employees who accept a buyout, or an early retirement must leave government service in the same fiscal year. Both the early retirement and buyout programs have other requirements. For early retirement, the employee: -- Must have at least 20 years of federal service and be at least 50 years old.
Early Outs, Buyouts Start at DoD; More Expected
Apr 09, 2014The Air Force meanwhile is now offering buyouts and early retirements, although it did not specify how many employees it hopes will take the incentives or
DoD Budget Measure Impacts Buyouts, Administrative Leave, More
Dec 07, 2016SUBTITLE A—DEPARTMENT OF DEFENSE MATTERS GENERALLY Civilian personnel management (sec. 1101) The Senate bill contained a DoD Budget Measure Impacts Buyouts, Administrative Leave, More
Buyout for DoD civilians? - Inside the News - Federal Soup
Dec 10, 2016The new higher horsepower buyout is part of the Defense Authorization bill that has been in the works for months. House conferees agreed to accept the $40,000 voluntary separation incentive payment the Senate originally proposed. The new buyout, like the old $25,000 model, would be subject to deductions such as taxes, Social Security, etc.
Voluntary Early Retirement Authority (VERA) | Voluntary
Updated 7/30/2018. Many agencies are applying for Voluntary Early Retirement Authority (VERA) and Voluntary Separation Incentive Payments (VSIP) buyout authority for select groups of employees. The list is growing and includes; the Department of the Interior, EPA, and State Department.
The very, very small $40,000 buyout club | Federal News
federalnewsnetwork›Mike Causey Federal ReportJan 18, 2018Late last year I found (actually he found me) a Defense civilian in the Philadelphia area who said he was offered, and took, a $40,000 buyout. I wish I had had the nerve to request a selfie with him, but I didn’t. This year, FNR reporter Nicole Ogrysko tracked down another DoD civilian Author: Mike Causey
17,000 Civilian Army and Air Froce Workers Will Be Offered
Nearly 17,000 Army and Air Force civilians will be offered cash buyouts within the next 60 days. The lump-sum payments, which the Pentagon hopes will induce the workers to retire early or quit, will be worth up to $25,000. Similar cash-to-retire offers will be made to Navy civilians during the next few years.
Lawmakers want to extend bigger buyouts for defense
Jul 06, 2017Lawmakers want to extend bigger buyouts for defense civilian workers but the $25,000 maximum has limited the buyout incentive for some older Author: Leo Shane III
New Buyout Max at DoD; Will Other Agencies Follow
Dec 27, 2016$40,000 Buyout Authority Authorized for DoD On the other side, some federal employees may be thinking of leaving the federal government for another job or retiring. In that case, some may find an extra financial incentive to leave.
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