Categories: Fedweek

Buyout Policy Finalized

The Office of Personnel Management on January 27 issued

rules in the Federal Register explaining how an agency

requests authority from OPM to offer buyouts for

restructuring. The regulations: state that agencies

must inform employees returning from military leave of

any buyout offers they may have missed while on military

leave; explain how in exceptional circumstances an

agency that is hiring a former employee who previously

received a buyout may request that OPM waive the general

requirement that the individual repay the incentive if

reemployed in the government within five years of

receiving the payment; reiterate that personal services

contracts are considered reemployment for purposes of

the repayment requirement; and state that an individual

can be eligible for a buyout with three years of

continuous government service, removing a requirement

in the interim policy that required the service to be

with the agency offering the buyout.

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