ProFeds Founder, Chris Kowalik, explores what happens when an employee is facing a RIF, but doesn’t qualify for an early out or a discontinued service retirement.
KEY TAKEAWAYS:
- Requirements to qualify for an Early Out
- Requirements to qualify for a Discontinued Service Retirement
- What an employee may be eligible to receive (such as a cash incentive or severance pay)
- How an employee may qualify for a federal pension later
Additional resources:
Link to full RIF training series: FedImpact.com/RIF-training-series
OPM’s severance pay worksheet: https://www.opm.gov/policy-data-oversight/pay-leave/pay-administration/fact-sheets/severance-pay-estimation-worksheet/
OPM’s VSIP eligibility: https://www.opm.gov/policy-data-oversight/workforce-restructuring/voluntary-separation-incentive-payments/
Local workshop locations and dates: FedImpact.com/attend
To be introduced to a local financial professional: FedImpact.com/request-to-meet
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