Lawmakers take another stab at increasing early out payments

The maximum buyout for federal employees to leave government service has not increased since it was first authorized in 2002, and Senate lawmakers are trying to change that, Federal Times reports.

Senate lawmakers have proposed a section of the fiscal year 2019 National Defense Authorization Act that would raise the caps on buyouts for feds who choose to voluntarily resign or retire early from an agency from no more than $25,000 to $40,000, according to the article.

Last year’s NDAA included a similar provision that did not survive the negotiation process, the report notes, adding that the House version of the NDAA does not include the provision.

Reader comments

Sat, Jun 16, 2018

Hey greedy management minions here is your meal ticket out. Please beat up the rank and file employees to the fron of the line. Since you have backstabbed and demoralised the employees that unfortunately work under your inept and your inability to work with others this is your option just make sure the manager over you also writes you up for a bonus before you leave that way you will have a large lump of cash showing up. Just think they could also wirte it in your termination paper work if you come back to the government service you wont have to pay back the buyout and then you can continue at a latter date demoralsing and bashing hard working employees.

Wed, Jun 13, 2018

Uhhh ... VERA/VSIP was authorized by section 1107 of the NDAA FY 2017 for up to $40K for DoD components.

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

Contributors

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

Free E-Newsletter

FederalDAILY

I agree to this site's Privacy Policy.

Stay Connected

Latest Forum Posts

Ask the Expert

Have a question regarding your federal employee benefits or retirement?

Submit a question