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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Washington Post today said the offer wasn't even authorized by the OPM or anyone official, so it seems nuts for anyone to take it.

In the private sector, if you are offered a "buyout" it typically is fairly generous...like 18 months salary, plus 18 months of benefits...with the 18 months salary provided in a lump-sum up-front payment.

It used to be fairly common (maybe still is) among the large F500 old-school companies like say GE.  Before implementing layoffs they would first try to induce people to voluntarily resign through a buyout.[/quote]
The same WaPo was breathlessly reporting this “buyout” as the deal of the century yesterday.[/quote]

Buy outs private sector are not that generous for staff. My last two places two weeks per year staff, three weeks per year managers, four weeks per year VPs and six weeks per year SVPS and up.

And my last place did not provide any medical coverage in plane. But did provide pro-rated bonus.

And EVERY company I worked at and I have seen severance plans at multiple companies it maxes out at one year severance unless you have a contract like a CEO.

If you gave everyone 18 months pay with 18 months medical like 80 percent of company would take it.  [/quote]

But are they also imaginary/illegal, is the question.[/quote]

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