Showing 3 ideas for tag "buyout"
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Legislative Branch

Buyout to Federal Employees

Federal Government should offer buyout to all employees with 20 or more years of service and who have reached MRA; and each office/agency/department should fill only one third of the vacated positions. This will offer employees a respectable choice to retire or continue to work, and make the government efficient and smaller. However, certain office/agency/department can be exempted from one third rule if the employee... more »

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Department of Veterans Affairs

Make jobs through retirements

I would suggest that all departments of the Federal Government offer all (no exceptions) current employees in the CSRS pension plan a one time (never to be offered again) early out retirement option with a one-time incentive bonus (40% of their base salary). These employees would have been continuously employed by since Jan 1, 1984, and have a minimum of 25 years of Federal Service towards this pension (actually 26 years).... more »

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Legislative Branch

Change the rules for SSA in the case of early outs/buy outs

Early outs and buyouts are tools for managing the size of the federal workforce, but there doesn't appear to be thought given to asking SSA to make provisions for those taking advantage of those programs. It would be actuarially sound for SSA to consider making such provisions, lessening the penalties, as the FERS system becomes the primary retirement system for federal employees.

With the retirement age being raised... more »

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