White House Wants to Increase Federal Employee Buyout Payments

The Trump administration has asked Congress to increase the amount agencies can offer employees for early retirement from $25,000 to $40,000 as it gears up for major workforce reductions in some agencies.

An Office of Management and Budget spokesperson confirmed that the Defense Department made the request to Congress last month. In the fiscal 2017 National Defense Authorization Act, Congress approved a one-year pilot program allowing for a maximum $40,000 buyout for civilian defense employees through the Voluntary Separation Incentive Payment program.

The annual defense authorization bill for fiscal 2018 (H.R.2810) is slated to receive a floor vote in the House later this week. The bill currently would extend last year’s pilot program until 2021, but it does not appear to expand it to all agencies. For more, click here.

Leave a Reply

Your email address will not be published. Required fields are marked *