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Search Tags: early retirement
While the latest rounds of buyouts and early retirements span agencies as diverse as the Naval Sea Systems Command and the Interior Department's Bureau of Land Management, one thing many of them have in common is the targeted nature of the offers. In many instances, agencies are targeting offers to employees in specific job areas or agency locations.
Now that early-outs and buyouts are popping up in various agencies, the obvious question, for younger and older workers is: What's in it for me? Unlike the one-size fits all buyouts of the 1990s, the new version is tailor-made to individual groups, grades and regions, Senior Correspondent Mike Causey says.
The Environmental Protection Agency has issued targeted early-retirement and buyout offers to hundreds of employees nationwide, according to an American Federation of Government Employees local. EPA officials are planning to offer early-outs at 19 different offices within the agency, spanning all 10 regions. Workers who sign up can receive up to $25,000 and will have to be off the rolls by early April.
Do you know anybody in your office or agency who belongs to the secret KMA Club? It's an ancient and secretive society whose members can be aroused by sacred phrases, such as buyouts and early retirement, Senior Correspondent Mike Causey says.
There was a time when no self-respecting federal worker would take an offer to retire early unless it was accompanied by a $25,000 buyout. But after two-plus years of a pay freeze and furloughs in the forecast, attitudes may have changed, Senior Correspondent Mike Causey says.
Active-duty and reserve soldiers with between 15 and 20 years of service could be eligible for early retirement, the Army announced this week. The service is offering temporary early retirement authority (TERA) to military officers who have not been selected to move on to the next grade as well as noncommissioned officers identified by selection boards for involuntary separation. The service aims to shed 80,000 soldiers from its active component by the end of 2017.
Avue Technologies Co-CEO Linda Rix, joins host Derrick Dortch to talk about what's ahead for federal human resources managers.
August 10, 2012
Tags: workforce issues , federal hiring , downsizing , brain drain , human resource management , human resources , Partnership for Pubic Service , Grant Thornton , Linda Rix , Avue Technologies , Derrick Dortch , Fed Access
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.
August is hot in DC, Atlanta, Houston, St. Louis and Cincinnati and lots of other places too. But those of us inside the Beltway get a break you don't...that's because for the next month...until after Labor Day, tens of thousands of the people who at times make this such a toxic town are away — back with the folks who sent them here in the first place.
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.