About 130 employees take SBA buyouts, early outs

By Caitlin Fairchild

December 13, 2011

About 130 of 300 eligible employees have accepted the Small Business Administration's buyouts worth $25,000 and early out offers.

SBA announced the buyout and early-out options on Oct. 18 in an agencywide email and received agreements from employees between Nov. 16 and Dec. 5. The agency is currently verifying eligibility and will send notifications on Dec. 19 to employees who will have until the end of January 2012 to leave SBA.

The agency has been considering its buyout offer since at least August, a spokesman told Government Executive at that time. SBA currently employs about 2,200 people.

Numerous other agencies have offered buyouts throughout 2011.


By Caitlin Fairchild

December 13, 2011

http://www.govexec.com/pay-benefits/2011/12/about-130-employees-take-sba-buyouts-early-outs/35616/