SAVE Award 2011 Ideas

Reduce payroll funding levels by offering buyout opportunities to those ready and qualify to retire. Cut costs of FTE salaries for retirement-aged employees under Civil Service Retiremtent System, (CSRS) by offering creative buyout opportunities that make since. Example - The millions of dollars in static retirement allotment holdings in this program could be converted or rolled over to managed investment funds for this... more »

Many federal employees are "Retired-in-Place" today. They are simply overhead, putting in the time at work but not contributing to the bottom line. By offering periodic early retirement packages to all federal employees, the "cost" of the early retirement package would be offset by the billions of dollars that would be saved though the ongoing salaries and the Federal government's non retired shared benefits costs.... more »