Browsing: Buyout

Q. I recently retired and received a Voluntary Separation Incentive Payment. If I get another government position, will I be required to pay back the buyout money I received? A. Yes. If you received a buyout and later accept a paying job with the federal government within 5 years of the date of the separation on which that buyout is based, including work under a personal services contract or other direct contract, you must repay the entire amount to the agency that paid it to you before your first day of re-employment.

Q. I am currently employed with the Veterans Healthcare Administration, age 60, with more than 21 years of service. How does one go about initiating a request for buyout in the event none is being offered? Is this possible?