NASA ARC Internal Memo: Buyout/Earlyout Opportunity

Date: Mon, 07 Nov 2005
To: (Recipient list suppressed)
From: Centerwide Announcement
Subject: Buyout/Earlyout Opportunity

TO: Staff

FROM: Joan McCullough, Director of Human Capital

SUBJECT: Buyout/Earlyout Opportunity

Ames is offering voluntary separation incentives (buyouts) and voluntary early out retirement to employees in selected competencies. An employee does not have to be eligible for early or full retirement to take advantage of the buyout authority; eligible employees who resign can also receive a buyout. All employees, up to the applicable authorized number, who are in the designated occupations and organizations are eligible for buyout, unless they:

• are term, temporary, or other non-permanent employees;
• have not been continuously employed by the Federal Government since January 3, 2003;
• are re-employed annuitants;
• have a disability on the basis of which the employee would be eligible for a disability retirement; or,
• have previously received a buyout under any authority;
• have received a specific notice of involuntary separation for misconduct or unacceptable performance.

The buyout application period begins November 10, 2005 and will continue through December 16, 2005. Although we expect that all interested persons can be accommodated, the number of opportunities is limited and varies by occupation and organization. Employees can review the eligible position competencies on the HR website at http://ameshr.arc.nasa.gov/index.html

Employees can also consult their HR Manager or supervisor about eligibility questions. If the number of interested persons in the same subgroup exceeds the allocated authority for that subgroup, prioritization will be done in accordance with the record of negotiation with the Union. It is imperative that eligible employees apply for the buyout in a timely manner by completing the application form (available on the HR website) and personally delivering it to the Benefits Office, Building 241, Room 145.

Buyout and Earlyout Separation Date Employees may separate at any time after receiving notification of acceptance of their application up to January 3, 2006. In rare instances where programmatic needs mandate that a specific employee stay beyond the January 3, 2006 deadline, the Center Director and Headquarters may approve an extension to no later than March 31, 2006. Extension requests must be made by the organization director and sent to Maureen Sarjeant, Chief, Human Resources Division for approval coordination.

Buyout Amount and Restrictions Employees eligible and accepted for this buyout and who voluntarily leave NASA through resignation or retirement will receive a buyout equal to their calculated severance pay entitlement, up to a maximum of $25,000. A fact sheet on retirement eligibility and the formula to calculate the buyout amount is available on the HR website.

If you would like to respond to this memo electronically, you may do so by double-clicking on the following: mailto:Maureen.Y.Sarjeant@nasa.gov