SSA, EPA To Offer Early-Outs
The Social Security Administration (SSA) is offering eligible employees an opportunity to retire early through an early-out program, Federal News Radio reported last week. The Environmental Protection Agency (EPA) isn’t far behind, with the Office of Personnel Management (OPM) set to approve their early-out plan soon, according to Federal Times.
The early-out offering by SSA was negotiated with the American Federation of Government Employees (AFGE), and can be used by employees over the age of fifty (50) with twenty (20) years of military/federal experience or twenty-five (25) years of service, age notwithstanding.
SSA is among the first and largest agencies to offer early-outs in 2014, but other agencies may also follow suit given downward trends in discretionary spending available to agencies for employee payroll and compensation.
The SSA early-out offer does not include buyouts. The EPA early-out, negotiated by AFGE, includes buyouts of up to $25,000 and would affect nineteen (19) offices around the country and targets staff in the GS-13 through GS-15 range.
FEDmanager will track developments on early-outs and buyouts will report when other agencies offer early retirement offers (VERAs) and buyout incentive packages (VSIPs).
Posted in General News