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Federal Eye
Posted at 08:45 AM ET, 07/03/2012

General Services Administration offers employees early retirement buyout package

The General Services Administration is offering buyouts and early retirement packages to 1,022 employees, according to an e-mail recently sent to staffers from the agency’s chief people officer.

The offer will end July 20 and is the second of three rounds of buyouts the agency is offering. In January, GSA received authorization to offer buyouts to nearly 650 of its employees. The Office of Personnel Management approved the early outs, which is required by law.

The employees have to be off the agency’s rolls between Aug. 3 and Sept. 30, 2012, depending on the organization, a GSA spokesman said.

The acceptance rate for the previous buyout was 18 percent. GSA expects the acceptance rate for the current offer be in that range, or about 200 employees, the spokesman said.

GSA’s offer is the latest in a recent spate of buyouts offered to federal employees in an effort among federal agencies to contain costs. Within the last 20 months, nearly 7,000 Agriculture Department employees have accepted buyout offers. In May, the Postal Service offered buyout incentives to nearly 45,000 mail handlers. Government Executive has a comprehensive list of agencies that have offered buyouts.

Also in January, the Air Force offered a second round of early retirement buyouts.

Read GSA’s e-mail after the jump.

Hello GSA,

As I have mentioned in previous emails, GSA recently asked the US Office of Personnel Management (OPM) for the authority to offer a second phase of Voluntary Early Retirement Authority (VERA) and Voluntary Separation Incentive Payments (VSIP) for a limited number of positions.

I want to let you know GSA received the authority we requested. Eligible employees received an email this morning explaining the program and what they should do to learn more. If you did not get that email, your position is not eligible under the authorized program.

Will VERA/VSIP be offered to more GSA positions?

This marks the second of three phases of our VERA/VSIP activity. GSA will be submitting one more VERA/VSIP request to OPM in the near future. We have not confirmed which groups will participate at this time, but you will receive an email detailing which organizations are included in the request when we make that submission.

How can I learn more about VERA/VSIP?

The VERA/VSIP Team has created a website with important information about the program, which groups are eligible and a collection of related information. To check it out you can go to insite.gsa.gov/veravsip.

I remain dedicated to ensuring you have timely and accurate information to make educated career decisions.  Thank you for your time, and I will keep you informed of future activities in this matter.

Tony Costa

Chief People Officer

By Timothy R. Smith  |  08:45 AM ET, 07/03/2012

Tags:  GSA

 
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