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

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