FedImpact: Candid Insights for Your Federal Retirement

[Reduction in Force] Part 14: Are Cash Payments (VSIPs) Being Offered?


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ProFeds Founder, Chris Kowalik, reviews the possibility of cash payments being offered to federal employees as part of the RIF plan.

KEY TAKEAWAYS:

  • Rules of the Voluntary Separation Incentive Payment (VSIP)
  • How much are the incentives (and proposals for the amount to change)
  • How VSIPs work with other downsizing tools (like VERAs)
  • Who is not allowed to receive a VSIP buyout

Additional resources:

Link to full RIF training series: FedImpact.com/RIF-training-series

OPM's guide to VSIPs: https://www.opm.gov/policy-data-oversight/workforce-restructuring/voluntary-separation-incentive-payments/guide.pdf

Local workshop locations and dates: FedImpact.com/attend

To be introduced to a local financial professional: FedImpact.com/request-to-meet

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FedImpact: Candid Insights for Your Federal RetirementBy Chris Kowalik, ProFeds

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