Education will offer buyouts, early outs
Robert Buggs sent the email Monday to all employees notifying them of the department's intention to offer a second round this year of voluntary early retirement authority opportunities and voluntary separation incentive payments, commonly known as early outs and buyouts. The department has asked the Office of Personnel Management to expand and modify its authority. Education plans to offer buyouts and early outs to eligible employees in the following offices:
- National Assessment Governing Board
- Office of the Chief Financial Officer
- Office of Innovation and Improvement
- Office of Postsecondary Education
- Office of Vocational and Adult Education
- Institute of Education Sciences
- Office of Communication and Outreach
- Office of the Deputy Secretary
- Office of Elementary and Secondary Education
- Office of Planning, Evaluation and Policy Development
- Office of the Secretary
- Office of Special Education and Rehabilitative Services
"The basis for ED's [Education's] early out/buyout request is to meet strategic human capital needs," said the memo from Buggs and Claudette Young, president of the American Federation of Government Employees Council 252.
Education joins a growing list of federal agencies -- including the Army, Agriculture Department, Government Printing Office and U.S. Postal Service -- in offering buyouts to employees to help reshape the workforces amid budget pressures.
Education last offered departmentwide buyouts and early outs in December 2010. In late 2009, the department offered buyouts to employees in its Office of Special Education and Rehabilitation Services.
Buyouts, or Voluntary Separation Incentive Payments, are cash incentives of up to $25,000 for employees.