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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm stuck on this line from today's email: "The FDIC will offer VERA and VSIP to employees who occupy positions targeted for reduction."

So... if DH receives this VERA/VSIP offer on Friday, what are we supposed to understand about his RIF risk? That he will almost certainly be RIFfed if he doesn't accept a buyout? That he's somewhere on the list to be RIFfed but we don't know where? Will everyone "targeted" be foolish to decline the buyout because they've just said that if you receive the offer, consider yourself "targeted"?[/quote]

It means he will be RIF eligible if they don’t hit the 1250 threshold. [b]If he’s got 20 years of service, there’s a low likelihood he will be RIF’d. 
[/b]
Ngl, I expect there to be very few RIFs at FDIC. I know many people who want the VERA + DRP. They were waiting for a legitimate program to be offered by the Corporation. The demographics at FDIC are very old so I’m thinking they hit 1250 easily. [/quote]

This protection from RIF for folks with seniority would only come through if they're doing "bump and retreat" though, right? There hasn't been a single instance of this in any RIF so far.

It would be very helpful to know if the whole office is getting shut down,  which I imagine is how these cuts will happen: 100% competitive area cuts so there are no survivors to reassign. So how closely is getting offered VERA/VSIP tied to the confidence your particular office is "targeted" for closure.

I hear a new org chart is supposed to come out soon. Would that be a way to tell whether your whole office is getting axed?[/quote]

Based on one story I heard, they are doing bump and retreat. [/quote]

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