Buyouts for Feds?

[Anonymous]

Anonymous wrote:Whats the catch?

You dont get to keep any pension/retirement.

[Anonymous]

Anonymous wrote:Wouldn't the normal severance package be much better for long-term employees anyway?

One week of pay for the first ten years, two weeks for each year after that. Times 2.5% for every three months over the age of 40.

I did my RIF calculations last night, and the RIF is much more attractive for me than this offer. I've been a fed for 26 years, and I am 47, so I would get 42 weeks, which works out to 10.5 months.

[Anonymous]

Anonymous wrote:I think it’s a trap

Me too. He just wants to gather intel/numbers on who is intending to "quit"

[Anonymous]

Anonymous wrote:

Anonymous wrote:What happens if like 75% of employees take this?

I doubt it will even be 2%. If you still have to work until September, what's the point? You can also just resign then. If people are forced to go back to an office they can just use leave liberally and interview until September.

Remote workers who weren’t planning to move back anyway. Now they have more time for job search. Plus trump can argue he’s removed an undue burden in them

[Anonymous]

Anonymous wrote:

Anonymous wrote:If they don’t get enough resignations, RIFs are coming.

RIFs are coming regardless.

RIFs are the better option for many.

[Anonymous]

Anonymous wrote:This is not legal anyway. It hasn’t stopped them yet offering illegal things but it’s not legal.

Supreme Court said he can do what he wants. Legality be damned

[Anonymous]

Anonymous wrote:Is the maximum payment really $25k?

Yes. If anyone believes they’re getting 7 months severance I have several lovely bridges for sale.

[Anonymous]

Anonymous wrote:

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Anonymous wrote:It is actually a good idea for people already planning to retire. Some other folks would regret retiring a few weeks ago.

Typo, good deal

Not it’s not. It doesn’t pay a lump sum it pays salary until September 30 while you remain employed. If you quit sooner you’re eligible for deferred retirement - which you would be anyway - but you don’t get paid more than what you worked. Basically it exchanges no return to office for a promise to leave by September 30 or sooner. That’s the only benefit above what you’d get if you just worked anyway and resigned or were fired at any point.

Ok so it basically allows you to TW/remote work until September provided you agree to resign?

Not agree to resign. Actually resign. You’re not working at all, you’ve resigned.

I don't have the memo yet but the articles say deferred resignation. Might be poor reporting though.

[Anonymous]

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:If this is true, the time between 2/6 and end of September counted as service comp time? I plan to retire in August when I turn 62. If this counts as service comp, I’d certainly take it now

Sounds like it. You just don’t have to come in, but aren’t retired until then.

If that’s true, I would take it in a heartbeat

You have to keep working until September.

no you don't

I'm looking at the email right now. It only exempts in person requirements.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is actually a good idea for people already planning to retire. Some other folks would regret retiring a few weeks ago.

Typo, good deal

Not it’s not. It doesn’t pay a lump sum it pays salary until September 30 while you remain employed. If you quit sooner you’re eligible for deferred retirement - which you would be anyway - but you don’t get paid more than what you worked. Basically it exchanges no return to office for a promise to leave by September 30 or sooner. That’s the only benefit above what you’d get if you just worked anyway and resigned or were fired at any point.

Ok so it basically allows you to TW/remote work until September provided you agree to resign?

Not agree to resign. Actually resign. You’re not working at all, you’ve resigned.

I don't have the memo yet but the articles say deferred resignation. Might be poor reporting though.

That's the exact wording on the email.

[Anonymous]

Anonymous wrote:Is the maximum payment really $25k?

BINGO - another promise he can’t keep.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wouldn't the normal severance package be much better for long-term employees anyway?

One week of pay for the first ten years, two weeks for each year after that. Times 2.5% for every three months over the age of 40.

I did my RIF calculations last night, and the RIF is much more attractive for me than this offer. I've been a fed for 26 years, and I am 47, so I would get 42 weeks, which works out to 10.5 months.

Wouldn't you get 42 weeks times 70%? So 42 weeks+28 weeks=70 weeks?

The 70% because you are 7 years over the age of 40?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Is the maximum payment really $25k?

BINGO - another promise he can’t keep.

There is no payout.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If this is true, the time between 2/6 and end of September counted as service comp time? I plan to retire in August when I turn 62. If this counts as service comp, I’d certainly take it now

Sounds like it. You just don’t have to come in, but aren’t retired until then.

If that’s true, I would take it in a heartbeat

You have to keep working until September.

How can you work once you resign?

[Anonymous]

I would not trust a word of that offer.