Gov Career

By Phil Piemonte

Blog archive

Dreaming of early outs

Even some of the most dedicated feds are fed up (pun intended). One recent comment on this blog noted that if his agency offered a "buy-out"—more properly called a Voluntary Separation Incentive Payment (VSIP)--or a Voluntary Early Retirement Authority (VERA) offer, the workforce there would immediately experience a reduction-in-force of one.

And on our own affiliated site, FederalSoup.com, we’ve been noting more talk about VSIPs, who might be offering them, etc.

We personally know of some folks—both from government and from the private sector—who have taken such incentives and have flourished in their earlier-than-originally-anticipated retirements by starting businesses, engaging in all-consuming hobbies, and so forth.

Others, on the other hand, realized too late that they were workhorses, and that retirement bores them silly.

What would you do if a VSIP suddenly materialized at your agency tomorrow and you were eligible to accept it?


 

Posted by Phil Piemonte on Dec 07, 2010 at 4:02 PM


Reader comments

Fri, Apr 15, 2011

Waive the age penalty and a LOT of CSRSers not quite to 55 and 30 would go! A buyout wouldn't even be needed for those folks!

Mon, Jan 31, 2011 Mark Nevada

I the sweetner as one reader put it is right I would go now. I have 32 years of service and I'm one year away from 55. I would go to work for Home Depot or something like that.

Mon, Jan 3, 2011 Outta here! Maryland

I would go, but would run faster with a sweetener such as an extra 1% credit per year of CSRS service over 10 years and/or a nice lump sum. The problem is my folks have always exempted my job description as being "too valuable".
"Congress please don't throw me into that retirement Briar Patch!" ;)

Fri, Dec 10, 2010

I'd go in a heartbeat...although it's two years "early" the penalty of 4% isn't significant to keep me...I'm tired of being bashed by a public that doesn't appreciate what the federal employee does to keep their food safe, the planes flying, their borders from being over run, social security checks arriving, and let them know when a hurricane is bearing down on them...I'm tired of being told I'm being paid too much, when I have not only an MBA, but post graduate work at Harvard. I'm ready to sell my talents to a higher paying employer, one that isn't subject to Congress and taxpayers overseeing my paycheck.

Fri, Dec 10, 2010 DK NY

A buy-out of $25K has been around since 1980! Times have absolutely changed. Government workers like myself who are near to retirement would pack their desks up today if $50K was offered!

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