The Voluntary Separation Incentive Payment Authority, also known as buyout authority, allows agencies that are downsizing or restructuring to offer employees lump-sum payments up to $25,000 as an incentive to voluntarily separate.

The Voluntary Separation Incentive Payment (VSIP or buyout) Authority allows agencies to offer lump-sum payments to employees who are in surplus positions or have skills that are no longer needed in the workforce, as an incentive to separate. Under VSIP, agencies may pay up to $25,000, or an amount equal to

The Workforce Restructuring website provides resources, information, and guidance on various aspects of restructuring for agency management, human resources offices, and employees. Topics include Voluntary Early Retirement Authority and Voluntary Separation Incentive Payments (also known as buyouts) which are tools agencies may use to avoid or ...

“buyout”, VSIP allows agencies that are downsizing or restructuring to -sum payments up to $25,000 (or the employee’s severance pay amount, whichever is less) as an incentive to voluntarily

Voluntary Early Retirement Authority (VERA) allows agencies that are undergoing substantial restructuring, reshaping, downsizing, transfer of function, or reorganization to temporarily lower the age and service requirements in order to increase the …

Beginning in FY 2026, this proposal would allow OPM to access a capped amount of mandatory funding annually from the Employees Health Benefits Fund to develop and maintain eligibility and enrollment systems for PSHB and FEHB.

employee in a continuing position may retire early, allowing the agency to place an employee who would otherwise be involuntary separated in the vacant position.

An employee is entitled to use sick leave if health authorities or a health care provider determine that the employee's presence on the job would jeopardize the health of others because of exposure to a communicable disease. An employee is also entitled to use sick leave to care for a family member who has been similarly exposed.

An employee will receive a lump-sum payment for any unused annual leave when he or she separates from Federal service or enters on active duty in the armed forces and elects to receive a lump-sum payment.

The military buy-back rules vary based on the year the veteran became employed by the Federal Government. Detailed information regarding creditable military service for retirement purposes can be located within the Federal Employees Retirement System Transfer Handbook (PDF file) .