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Search Tags: buyouts
To be eligible, employees must have 20 years of creditable service and be at least 50 years of age, or have at least 25 years of creditable service at any age, including five years of civilian service, according to an SSA email to Federal News Radio.
Are you a lifer, or are you waiting for Uncle Sam to show-you-the-money? Buyout offers abound in government but many employees say the tough economy is a good reason to stay on the job. Senior Correspondent Mike Causey asks have you hit the tipping point yet?
The IRS is the latest agency to join the 2012 buyout parade. Employees in other agencies should study it because it may be the model for similar buyouts governmentwide, Senior Correspondent Mike Causey says.
Buyouts are popping up all over the government. And even if you are not in the market, they may have an impact on your job, your promotion potential and, if you are planning to retire anyhow, how quickly you get your first full annuity payment, Senior Correspondent Mike Causey says.
Individuals in some positions can apply to retire as NASA focuses on reshaping its workforce. NASA will cap severance pay at $25,000.
Uncle Sam's five-month buyout season is about to end. So if you were thinking about leaving with a $25,000 check, grab it while you can, Senior Correspondent Mike Causey says.
It seems like every week another agency is offering employee buyouts and early retirements. But they're not designed to make you rich. So how do you decide when a buyout is right for you? The Federal Drive spoke with registered employee-benefits consultant Ed Zurndorfer to get some answers.
The General Services Administration is offering buyouts and early retirements to 1,022 employees. The employees have until July 20 to apply and must separate from service between Aug. 3 and Sept. 30.
The service launched a new portal to let civilian workers prepare for retirement, request a retirement estimate and acquire the necessary paperwork to pay a military or civilian deposit.
NARFE president Joseph Beaudoin and Federal Times
reporters Stephen Losey and Sean Reilly join host
Mike Causey to talk about a wide variety of issues
affecting federal workers.
June 6, 2012