BILL INTRODUCED IN SENATE TO INCREASE BUYOUT AMOUNT FOR ALL FEDS - October 2, 2017
Senate bill would boost early buyout offers for all federal employees
By Nicole, Ogrysko, Federal News Radio
As agencies consider how they’ll trim the size of their workforces, Congress wants to help them sweeten the deal with higher buyout offers.
Sen. James Lankford (R-Okla.) introduced new legislation that would increase the maximum Voluntary Separation Incentive Payment (VSIP) from its current $25,000 to $40,000 for both federal civilian and defense employees.