Categories: Fedweek

Buyout Plan Has Many Restrictions

An amendment to the Senate’s version of a bill to create a Homeland Security department (S-2452) would create government-wide buyout authority, although with several significant restrictions, including some not present in the government-wide authorities of 1994-1995 and 1996-1997 or in agency-specific authorities that have been enacted since then. Those ineligible for the payments would include reemployed annuitants, those who would be eligible for disability retirement, those in receipt of a separation notice for misconduct or unacceptable performance, those who have previously received a buyout payment, those with reemployment rights on transfer to another organization, those who have received a student loan repayment within the previous 36 months, those who have received a recruitment or relocation bonus within the previous 24 months, and those who received a retention allowance within the previous 12 months. The buyout maximum would remain $25,000 pre-tax.

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