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: Six Retirement Fund Moves Federal Employees Should Consider This Year to Stay Ahead Financially
- Also Read: FEDVIP Isn’t Just Another Acronym—Here’s Why Dental and Vision Coverage Matter More Than Ever
- Also Read: Still Rockin’ CSRS? Here’s Why It’s Not Just a Relic but a Retirement Powerhouse
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