Senate bill would let DOD boost buyout amount

The Senate defense funding bill would let the Defense Department raise its maximum buyout limit to $40,000, the Washington Post reports.

Voting on the bill is slated for this week. According to a report on the National Defense Authorization Act released Monday by the Senate Armed Services Committee, a measure in the legislation would boost the maximum for voluntary separation incentive payments, or VSIPs, from its current limit of $25,000.

DOD had recently requested the boost in a budget proposal, noting that the department would offer VSIPs at the rate of around 6,000 annually for the next five years, the bulk of them to Army employees, the article said.

Reader comments

Thu, Jun 23, 2016

What about buyout for other Federal Agencies. Homeland Security/ICE need to do a buyout/incentive. Don't remember having anything for this agency. Please give BUYOUT here.

Tue, May 31, 2016

There would be even more if they also offered time and age incentives like they used to. When the HOCs were first formed, they offered 5 years added to your age, 5 years added to your work time and $25,000 to leave HUD. 5-5 and $40,000 would allow many more to retire from HUD securely.

Wed, May 25, 2016

Wish they would raise it to $40,000 at HUD. I think there would be a lot more people take it and retire. There are probably 10-15 people that could go now with the that amount of buyout.

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Edward A. Zurndorfer Certified Financial Planner
Mike Causey Columnist
Tom Fox VP for Leadership and Innovation, Partnership for Public Service
Mathew B. Tully Legal Analyst

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