Dept of Ed offering employees up to $25K if they retire by Monday: Source
Department of Education employees were sent an email Friday offering a lump sum payment of up to $25,000 to voluntarily separate or retire by 11:59 P.M. ET on Monday night, a source familiar with the message told ABC News.
The department sent what’s called a VSIP, or Voluntary Separation Incentive Payment, which authorizes agencies to give lump sum payments of up to $25,000 for employees to voluntarily separate, according to the Office of Personnel Management.
"It’s a one-time offer in advance of a significant Reduction in Force (RIF) for the US Department of Education," the memo stated.
The VSIP will take effect March 31.
The VSIP excludes people who received a loan discharge within the last three years, among other exclusions, according to a Department of Education employee who received the memo and spoke to ABC News on the condition of anonymity due to fear of retaliation.
-ABC News' Arthur Jones II






