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Search Tags: buyouts
Do you have something that is shrinking with age? If you are with the Postal Service, its the size of your buyouts, Senior Correspondent Mike Causey says. They are getting smaller all the time. Is this a trend feds in other agencies need to watch? Is it the precursor of an offer you can't refuse.
The service will offer $15,000 incentive that would be paid out over two installments to retirement-eligible employees.
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.
What do you see when you look in the mirror? Is it a dedicated IRS auditor, a serious federal agent or a compassionate VA employee? Or, do you have a Charles Dickens moment and spot the ghost of Christmas Future - you after you have retired? While feds have mostly held on to their jobs, things could change quickly, Senior Correspondent Mike Causey says.
Host Mike Causey moderates a roundtable discussion
of sequestration, postal service buyouts, and
August 15, 2012
Tags: pay and benefits , sequestration , Paul Ryan , budget battle , NARFE , Joseph Beaudoin , Steve Watkins , Sean Reilly , Federal Times , USPS , early retirements , Social Security , TSA , OPM backlog , Mike Causey , Your Turn with Mike Causey
While some federal agencies are offering buyouts ranging from $15,000 to $25,000, the giant Social Security Administration is trying a new approach: No Cal buyouts. Senior Correspondent Mike Causey says if they catch on, your agency may be next.
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.