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.

2025年2月26日 · VSIP – or Voluntary Separation Incentive Payment – is a lump sum payment of up to $25,000 to encourage employees to leave their job. This offer isn’t always available. It’s used for times like now, when agencies are trying to …

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.

What is a Voluntary Separation Incentive Payment (VSIP)? The Voluntary Separation Incentive Payment (VSIP) authority, also known as buyouts, allows agencies that are downsizing or restructuring to offer employees lump-sum payments up to …

• VSIP authority allows employees a lump-sum payment of up to $25,000 as an incentive to voluntarily separate. Employees do not need to be retirement eligible to accept the VSIP. Employees receive the lesser of what they would receive in severance pay or the $25,000.

VERA and VSIP are management tools that can be used alone or together to incentivize employees to voluntarily leave, in order to avoid or lessen the impact of involuntary reductions that are necessary due to known budgetary shortfalls and/or to address positions that are no longer needed due to mission changes or different skills requirements.

VSIP Eligibility Employees wishing to retire or resign and accept a buyout must meet all the following eligibility requirements: •Serving under a non time-limited appointment; •Currently employed by the Executive Branch of the Federal Government for a …

Voluntary Separation Incentive Payments (VSIP) General Information: 1. What is a VSIP? A Voluntary Separation Incentive Payment (VSIP) is commonly called a buyout. The buyout program is not a retirement program. This authority allows the agency to offer a lump sum incentive payment to eligible employees who voluntarily leave the workforce,

What are Voluntary Separation Incentive Payments? A Voluntary Separation Incentive Payments (VSIP), also referred to as a buy-out, is a lump-sum payment made to eligible employees who separate through resignation, optional retirement, or early retirement. As reflected in its official title, a decision to take a VSIP must be voluntary.

The Voluntary Separation Incentive Payment (VSIP) 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. When authorized by the Office of Personnel Management (OPM), an agency may offer VSIP payments to employees ...