How is federal employee's Severance Pay calculated (not RIFed yet, just a question)?

[Anonymous]

Around 15 years of service, more than 40 years old.

I am not laid off yet, but would like to make a plan if I am RIFed. Job market is bad, not sure if I can find a job with similar paycheck, or how long will it take to get a job. I may need to be Uber Eat delivery for some time before find another job.

I am concerned about income source if suddenly laid off, since there are bills (mortgage, auto loan, etc).

[Anonymous]

Are you a DEI employee? Those are the only ones getting RIFed. I don’t believe the remote workers who don’t want to move will get severance.

[Anonymous]

Anonymous wrote:Are you a DEI employee? Those are the only ones getting RIFed. I don’t believe the remote workers who don’t want to move will get severance.

No, GS1500 series family (STEM major). But worry about reorganization or whatever reason, I am tired of drama.

[Anonymous]

OPM has a calculator. I’m looking at 21 weeks of pay if I get a RIF.

[Anonymous]

Anonymous wrote:OPM has a calculator. I’m looking at 21 weeks of pay if I get a RIF.

I am OP.

Thanks. I will get about 31 weeks. Is Severance Pay taxable?

[Anonymous]

Anonymous wrote:

Anonymous wrote:OPM has a calculator. I’m looking at 21 weeks of pay if I get a RIF.

I am OP.

Thanks. I will get about 31 weeks. Is Severance Pay taxable?[/quote]

LOL ! Best joke that I have read today ! Thank you !!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:OPM has a calculator. I’m looking at 21 weeks of pay if I get a RIF.

I am OP.

Thanks. I will get about 31 weeks. Is Severance Pay taxable?

lol yes taxable. It will appear in the same box as regular earnings on your W2.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Are you a DEI employee? Those are the only ones getting RIFed. I don’t believe the remote workers who don’t want to move will get severance.

No, GS1500 series family (STEM major). But worry about reorganization or whatever reason, I am tired of drama.

why you started panicking for no reason? Chill, OP, and let the trouble come to you and don't go and find trouble.

[Anonymous]

Google opm severance pay calculator

[Anonymous]

What happens to unused sick time and unused accrued vacation time in this scenario?

[Anonymous]

What happen if RIFed (get severance pay) then accepted another fed position later (a few months later or 1-2 years later)?

[Anonymous]

Do the RIFed get to keep the health insurance benefits?

[Anonymous]

Anonymous wrote:What happens to unused sick time and unused accrued vacation time in this scenario?

Pay out for vacation time, sick leave gets added to your retirement.

[Anonymous]

Anonymous wrote:Are you a DEI employee? Those are the only ones getting RIFed. I don’t believe the remote workers who don’t want to move will get severance.

Who knows if this administration will follow the law, but employees should receive severance if they decline reassignment outside their geographic region.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Are you a DEI employee? Those are the only ones getting RIFed. I don’t believe the remote workers who don’t want to move will get severance.

Who knows if this administration will follow the law, but employees should receive severance if they decline reassignment outside their geographic region.

That is not what happened for ERS when they moved it to Kansas City.