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 …

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 …

Topics include Voluntary Early Retirement Authority and Voluntary Separation Incentive Payments (also known as buyouts) which are tools agencies may use to avoid or lessen the impact of …

An agency must request VERA and receive approval from the Office of Personnel Management (OPM) before the agency may offer early retirement to its employees. The approval from OPM …

“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 …

(VSIP), also called a “buyout.” The Office of Personnel Management’s (OPM) approval of VERA for an agency does not automatically authorize Voluntary Separation Incentive Payments. …

OPM's current waiver policy provides pre-approved waivers for any employee who has been covered under the FEHB Program continuously since October 1, 1996, or the beginning date …

In the annual Congressional Budget Justification and Annual Performance Plan, OPM shows how it uses – and plans to use – the resources appropriated by Congress to achieve its mission. …

The law governing OPM-approved voluntary separation incentive payments ("VSIP" or "buyouts") provides that OPM may waive repayment of the gross amount of the VSIP when re …

OPM has organized this handbook in a manner that corresponds to the reshaping process, starting with developing, reviewing and analyzing mission requirements and finishing with post …