9:08 am, March 31, 2015

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  • Targeted buyouts
    Opportunist
    These buyouts don't seem like they're very effective at achieving the intended purpose. If only a limited amount are offered to specific, targeted people, and management doesn't get the numbers off the rolls that they anticipate...WHATS THE POINT? I was very interested in the VERA/VSIP and had been looking forward to it for some time and I was quite disappointed when it was hinted that the buyout was really "intended for" folks who were retirement eligible but were "hanger-ons"....in other words, they weren't interested in retiring but were eligible for years. So I figured why go through the paperwork exercise if I could possibly be DENIED because I wasn't in a "targeted" position? If the number of folks don't accept the buyouts that they are intended for, then WHAT? CLUELESS
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Buyouts
    Cathy
    Not worth it! Now if they had outs like in the old days... I think my mother retired and got a 5/5 deal. Five years added to her age and 5 years added to time of service. This would have been in the 80's. I think that was her deal. Does anyone remember such things happening? My mother is deceased so I can't ask her.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Buyouts
    Bud
    Cathy,5/5 was a rumor but was never offered.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Beg To Differ....
    X-taxman
    Something very similar to the 5/5 deal Cathy described did indeed happen but I believe it was in the late 70's, or possibly very early 80's. Several very good agents took advantage of it as it was too good a deal to refuse. Nothing like that has ever even been whispered about since then.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Buyouts
    Bud
    X-taxman---Don't want to belabor the point but IRS in my time(1967-2003) never offered a 5/5 deal.
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  • Cathy
    Linda
    I was around for the buy outs in the 80's (As a young pup) and it was the same $25,000. My neighbor got the last one offer in the IRS Ogden Service Center at that time (They were done based on application and seniority.) She was less than two months from full CERS retirement. But it was not a 5/5 deal.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • "If the number of folks don't accept the buyouts that they are intended for, then WHAT?"
    FERS Fed
    Aren't buyouts the 'carrot' part of the 'carrot and stick' idiom? Why do agencies offer buyouts? Because they're trying to reduce costs. What happens if buyouts don't have the intended effect on agencies' compensation costs?
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • FERS Fed
    Opportunist
    Not sure I get what you were responding to...what do agencies compensation costs have to do with buyouts? They rid the employee so future salaries don't have to be paid..
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  • "...what do agencies compensation costs have to do with buyouts?"
    FERS Fed
    Among other reasons, agencies offer buyouts (carrots) to reduce their compensation costs due to current/anticipated budget cuts (didn't IRS take a big budget hit for FY12?). If insufficient numbers of employees take buyouts and compensation costs don't go down, management resorts to other means (sticks) to cut compensation costs. Believe I read that these IRS buyout offers are targeted to specific employees in a specifc section (offshore revenue?). If offered one of these IRS buyouts, think very carefully about turning it down. You might be turning down the chance to walk away with something (but not much) vice being RIF'd and walking away with nothing.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Not worried
    Moderate
    I have the seniority to not be affected. The buyout limit of $25000 makes its value very small. Now if they just used the formula, I would consider it very strongly.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • I believe you, Mod
    FERS Fed
    But be careful. In these situations, management can hold some cards that trump seniority. And no one is looking out for rank-and-file feds ... not agency management, not the Chief Executive (as Rob persistently reminds us), certainly not Congress (Ha!), and not the public. The only ones looking out for us is us. .............. Besides, with that kind of seniority, you might be working for just a few thousand dollars a year.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Point taken
    Moderate
    Well said FERS Fed. However, I can just walk away very easily and have been eligible for years. I would still get my pension and medical. I am CSRS. You are right about my pay, but by working I can increase my pension substantially. That is a major reason for staying. The $25000 is not relevant to me.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Buys Outs
    Linda
    The IRS offers 1600 buy outs for 270 slots. They will probably fill it. But I think they should have done a 2nd round of non-enforcement personal before letting enforement personnel go as we are short staffed as it is. But, my enforcement area was not offered. From what I understand is that most of them went to Large Case employees that had a big increase in staff about 3 years ago to deal with the offshore stuff. not sure if they are done with that, or what? In my office a large case (What ever their new name is) Revenue Agent was offered a buy out, and a mail clerk in collections. Neither are taking it.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Buyouts
    Moderate
    I wonder who in SBSE is getting the buyouts. Based on your comments, are you in SBSE?
    worker
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  • Only $25K
    dancermommd
    It was $25K back in the 80s when they first started it. Back then it was really worth something. They would have to up the price for the 30+ years since then. And after taxes it nets only about $16K. That isn't much cash these days for getting out earlier than you planned.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
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