Q. If a person qualifies for a buyout, does the position have to qualify for it?
A. Any employee who receives a notice announcing that a Voluntary Separation Incentive Pay will be offered and who meets the following requirements is eligible to apply:
1. Serving under an appointment without time limitation.
2. Currently employed for a continuous period of at least three years without a break in service of four or more days, and
3. Willing to separate by the date specified in the employee notice.
Those who aren’t eligible for a VSIP include re-employed annuitants; those eligible for disability retirement; those who’ve received a notice of involuntary separation for misconduct or unacceptable performance; anyone who previously received a VSIP; transferees who are covered by statutory re-employment rights; and those who received a student loan repayment benefit during the last 36 months, a relocation bonus during the last 24 months, or a retention bonus during the last 12 months.
