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Search Tags: buyouts
The lab has submitted a plan to the National Nuclear Security Administration and is waiting for approval to offer the buyouts.
They say that everybody's got a price, so what's yours? What would it take for Uncle Sam to convince you to retire? Because you may be facing that decision soon, Senior Correspondent Mike Causey says.
Federal Times Editor Steve Watkins, Senior Writer Sean Reilly,and NARFE Legislative Director Julie Tagen will discuss how government employees will be affected by proposed cuts to the federal budget.
February 15, 2012
Tags: pay and benefits , Congress , budget battle , budget cuts , retirement , Federal Times , Steve Watkins , Sean Reilly , NARFE , Julie Tagen , supercommittee , House , Senate , Mike Causey , Your Turn
Experts have long predicted a federal retirement tsunami, and the steady uptick in retirement applications across 2011 appears to bear that out. Overall, 104,810 retirement applications were filed by federal employees in calendar-year 2011, according to numbers provided by OPM — a 24 percent increase over 2010 levels.
The Government Printing Office has announced more than 300 employees left the agency in the second half of 2011, mostly because of the buyouts and early retirements the agency offered last year. GPO's workforce is now stands at its lowest levels in a century, the agency said in a release.
What do younger federal workers have in common with the Javan Rhino, the Hawaiian Monk Seal and the Giant Chinese Salamander? All of them are on the rare or endangered species list, Senior Correspondent Mike Causey says. But that may be about to change.
Tammy Flanagan, the senior benefits director for the National Institute of Transition Planning, joined In Depth with Francis Rose to discuss the pros and cons of taking a buyout.
TSA is offering targeted early retirements, but certain mission-critical employees cannot apply. NGA is offering 150 buyouts.
The Internal Revenue Service has decided to offer a limited number of buyouts to many of the same employees who were asked if they would take $25,000 to retire last year. Other agencies are also making plans for limited, quick-decision buyouts.
The Agriculture Department's closing of 259 offices could result in buyout offers, said the agency's deputy secretary. This week Agriculture Secretary Tom Vilsack said the closures would save about $150 million year in the agency's $145 billion budget.