[Reduction in Force] Part 14: Are Cash Payments (VSIPs) Being Offered?

ProFeds Founder, Chris Kowalik, reviews the possibility of cash payments being offered to federal employees as part of the RIF plan.  

 

KEY TAKEAWAYS:

  • Rules of the Voluntary Separation Incentive Payment (VSIP)
  • How much are the incentives (and proposals for the amount to change)
  • How VSIPs work with other downsizing tools (like VERAs)
  • Who is not allowed to receive a VSIP buyout

 

Additional resources:

Link to full RIF training series: FedImpact.com/RIF-training-series 

OPM’s guide to VSIPs: https://www.opm.gov/policy-data-oversight/workforce-restructuring/voluntary-separation-incentive-payments/guide.pdf

Local workshop locations and dates: FedImpact.com/attend 

To be introduced to a local financial professional: FedImpact.com/request-to-meet

 

Om Podcasten

Federal retirement expert, Chris Kowalik, empowers federal employees to make confident decisions as they plan for the days when they no longer have to work. Chris' candid and straightforward nature allows employees to get the answers they need, and to understand the impact these decisions have on their retirement.