Federal Employees News Digest
TSA, FDIC to offer early retirement options
- By FEND Staff
- Jun 15, 2020
The Transportation Security Administration and the Federal Deposit Insurance Corporation plan to offer Voluntary Early Retirement Authority (VERA) and Voluntary Separation Incentive Payments (VSIP) options to eligible employees.
In a recent town hall meeting, TSA told staff of plans to offer VERA options to eligible employees, Federal News Network reported. The Office of Personnel Management had already granted TSA authority to use VERA as an option for increasing voluntary attrition through April 30, 2021, while it is “undergoing substantial organizational change,” a condition for invoking early retirement.
In March, the Federal Deposit Insurance Corporation also announced it would offer voluntary retirement and early separation opportunities to approximately 20% of its employees as it faces a wave of potential retirements that could leave the agency short on institutional experience and knowledge.