August 8, 2011The Education Department will begin offering buyouts and early retirement to employees next month in 12 different program offices, according to an email from the department's chief human capital officer obtained by Government Executive.
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:
"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.
August 8, 2011