Education will offer buyouts, early outs
- By Kellie Lunney
- August 8, 2011
- Comments
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.
By using this service you agree not to post material that is obscene, harassing, defamatory, or otherwise objectionable. Although GovExec.com does not monitor comments posted to this site (and has no obligation to), it reserves the right to delete, edit, or move any material that it deems to be in violation of this rule.
Older Feds Aren't Playing to Their Strengths
Is It Too Hard to Fire Misbehaving Feds?
Americans Still Like the Postal Service
A Forced 4-Day Weekend for Many Feds
No More Tax-Cheating Feds, Senators Say
Video: The Daily Show on Apple's Taxes
Sponsored
3 Ways Data is Improving DoD Performance
Research Report: Powering Continuous Monitoring Through Big Data
Need to Know Memo: Big Data
Cutting costs: Inside the effort to improve the efficiency of federal operations
