In some federal offices, you will likely attend as many funerals as going away parties over the next couple of years. Senior Correspondent Mike Causey says that despite predictions of a brain-drain, retirements are actually down.
If you are retired but want to come back into government there are two ways. One lets you keep your pension and your salary. The other limits pay but lets you build a bigger annuity. Senior Correspondent Mike Causey has the details.
Ever wonder whatever happened to all those buyouts that used to be available? Well, they are still out there but as Senior Correspondent Mike Causey says, they are a little hard to find.
The Air Force Materiel Command will explore the possibility of buyouts to help reduce its workforce. The agency plans to survey its civilian workforce next week to see if there is enough interest in $25,000 buyouts.
Taking a buyout, says financial planner Arthur Stein, will make sense for some but not for others. He explains how to tell which camp you might be in.
What if Uncle Sam offered you an enhanced pension, a $50,000 one-shot payment and a pony to retire or take early retirement. Would you do it? Before you say yes, Senior Correspondent Mike Causey says there is a slight hitch you should be aware of.
Coming soon to a federal agency near you: buyouts. So do you fit the profile? Are you buyout bait or, asks Senior Correspondent Mike Causey, will you be the last person left to turn out the lights?
A list of federal agencies that considered or offered buyouts and early retirements in 2011.
The Air Force is planning to make payments to civilian employees to encourage them to leave the federal payroll, in addition to offers of early retirement. The service is trying to get to the level of civilian employment authorized under DoD’s civilian hiring freeze, which mandates the department maintain its non-uniformed workforce at fiscal 2010 levels.
Would you take a buyout if the boss offered you one? You might want to decide now because if and when an offer comes, it won’t be on the table very long, Senior Correspondent Mike Causey says.