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Ahead of layoffs, Education Department offers employees $25K to quit or retire by Monday
The offer came ahead of what the agency's chief human resources officer described as a "very significant" looming workforce reduction.
Ahead of layoffs, Education Department offers employees $25K to quit or retire by Monday
In an email obtained by USA TODAY, the Education Department offered employees $25,000 to take a buyout ahead of a \

“… "We are pleased to offer ED employees up to a $25,000 Voluntary Separation Incentive Payment (VSIP) starting today, including those who wish to retire," wrote Jacqueline Clay, the agency's chief human capital officer.
Staffers have until Monday at 11:59 p.m. to accept. Their resignations would take effect on March 31, according to the email.
Not every employee who elects to take the buyout would be eligible for a $25,000 payment, however. Clay's memo says the award would be "the equivalent of severance pay or $25,000, whichever is less." She encouraged staffers to use their benefit statements to estimate their severance packages before taking the offer.
There are more caveats: Those eligible must have been employed by the federal government for at least three consecutive years. They also cannot have received a student loan repayment benefit in the last three years. Other types of awards – including relocation, recruitment or retention bonuses – would be disqualifying for some.
… The president said recently he wants the Education Department to be "closed immediately." …”