The Military Wants to Buy You Out
The Department of Defense (DOD) has issued a mandate ordering each branch of the military to reduce costs and staffing levels across the board by twenty percent by 2019. The Air Force is taking the lead in meeting that requirement by moving forward to put an even greater requirement on itself. The Air Force has set a goal to reduce its workforce by the same percentage within the first year. The Air Force intends to achieve this goal by offering early retirement and buyouts to civilian personnel.
- Also Read: 3 Reasons Certain Federal Employees Can Retire Years Earlier Than Their Peers Without Penalties
- Also Read: CSRS Retirement in 2024: Are You Making the Most of What This Classic Plan Has to Offer?
- Also Read: Roth IRA Basics for Beginners: What’s There to Learn?
Some qualified service personnel have been offered voluntary retirement incentive programs. The Department of Defense, like other agencies offering VERA and VSIP, will consider a reduction-in-force if VERA and VSIP do not reach the intended targets. The Air Force is also exploring ways of streamlining resources.
It appears that part of America’s workforce is looking at ways to help stabilize the budget. Collaboration just might bring America’s budget in balance.
P. S. Always Remember to Share What You Know.
Related Articles