Buyouts? WTF. Call it a RIF and just show them the door. Happens all the time in the real world. Buyouts my ass.
Buyouts? Fire them and make them work to pay for the damage they have done with severe muslim-like penalties on their heads if they do not. Take their pensions to pay back damages. Do what the IRS does to conservatives.
Spoken out of true ignorance.
In some cases, a buyout can save the taxpayers a chunk of money. It's almost always cheaper than a RIF.
The buyout is capped at the lesser of $25,000 or what the employee would get in a RIF. Even if the employee gets the same amount as in a RIF, there is a built in savings because he or she goes out the door sooner, so less pay is collected before departure.
Additional savings can be had from avoiding the costs associated with Bump and Retreat.
There is also a clawback provision if the employee shows up somewhere else in the federal government within 5 years of taking the buyout.
On the other hand, RIF pay is one week per year for the first 10 years of service; two weeks per year for each subsequent year, with a 10% bump for each year after age 40 (calculated on a quarterly basis. So a 45 year old with 20 years of service is going to get 30 weeks pay plus an additional 50% (or 45 weeks pay). Someone would have to be doing menial labor and have never gotten a promotion for the RIF to be worth more. (Max RIF pay is a full year's pay). There are re-hire preferences, and there may be greater access to unemployment benefits.
Truthfully, I don’t care how they go just as long as they go. They are just going to throw 25 grand at them (about 16K after taxes) and then give them a lower pension for the rest of their lives. A huge loss of money. If Trump does this in every major department, we will see great savings.
Don’t forget that the federal retirement plan SUCKS. It is basically 1 percent a year so in order to get 50 percent, you have to work 50 years in the federal government. Not many do that so the pensions are pathetic.
It happened all the time in the feral gubment once upon a time. It ended with baseline budgeting and unions. A gubment job was still ok then but not all people were career but only seasonal instead. Farmers, ranchers and teachers even college professors liked it.
Yup. Shut it down. Lock the doors.
Exactly!
I’ve been fired once!
They didn’t even give me my last check. They just said “there’s the door..........hit the road!”
50 years later, I still don’t have that check but they are out of business!
Even worse, the next Dem prez can simply refill the positions...
Our government and many of those who “work” for it have nothing but contempt for us. I’ve hiked near a superfund cleanup site along the NJ/NY border, and I kid you not there were three trucks with workers napping in them. The EPA is a waste of money in its current form.