Buyout Watch: Air Force and TSA Join the List

Vorobyeva/Shutterstock.com

After a brief lull, more federal agencies are starting to offer buyouts or early retirements again as a means of cutting costs. Activity is likely to pick up even more as the temporary reprieve from sequestration draws to a close. We will once again keep a running list of the agencies that plan to offer separation incentives. Please let us know if there are any we missed, using the comments section below.

  • Air Force: Is offering early retirement and buyouts to civilians, with the goal of reducing its workforce by nearly 3,500 employees. 
  • Broadcasting Board of Governors: Has offered two rounds of buyouts already this year.
  • Environmental Protection Agency: Offered buyout and early retirement packages in February.
  • Government Printing Office: Seeking authority to offer early outs and buyouts Oct. 1 – Dec. 31, with the goal of convincing about 100 employees to leave.
  • Transportation Security Administration: Is offering early outs to workers who meet age and service criteria. Employees must leave by Dec. 31, 2014. Certain employees, including air marshals, are not eligible. 
  • U.S. Postal Service:  3,000 postmasters have the option to retire early, for $10,000 each. Deadline for accepting offers is Aug. 18.

(Image via Vorobyeva/Shutterstock.com)

Stay up-to-date with federal news alerts and analysis — Sign up for GovExec's email newsletters.
FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Sponsored by eSignLive by VASCO

    Mobile E-Signatures for Government

    Learn 5 key trends that accelerate government demand for mobile signing.

    Download
  • Sponsored by Management Concepts

    SPONSORED: Successful Change Management Practices in the Public Sector

    How governmental agencies implement organizational change management.

    Download
  • Sponsored by Kronos

    Solving the Workforce Compliance Challenge

    Download this eBook to learn how data and automation can help state and local agencies.

    Download

When you download a report, your information may be shared with the underwriters of that document.