NASA MSFC Internal Memo: Marshall to offer targeted buyout to eligible civil service employees

From: MSFC_Activity_Notice
Sent: Thursday, June 16, 2005 11:44 AM
To: MSFC Activity Notice
Subject: Marshall to offer targeted buyout to eligible civil service employees
Importance: High

Marshall to offer targeted buyout to eligible civil service employees

The Marshall Center is offering an opportunity for eligible civil service employees to retire or resign from federal employment and receive a cash bonus worth up to $25,000. The buyout application period opens June 16 and will close July 15. Employees taking the buyout must separate from Federal service no later than September 30, 2005.

This is a “targeted” buyout, similar to the December 2004 buyout. Only permanent employees with at least three years of Federal employment are eligible. Eligibility also will be based on an employee’s primary competency in the Competency Management System; grade; organization; and Office of Personnel Management position title. A buyout memo to all employees, a buyout application form and related buyout information, including approved targeted competencies and associated eligibility criteria are available at:

http://www1.msfc.nasa.gov/INSIDE/announcements/2005_buyout.html

Employees with questions about their eligibility should contact their administrative officer.

If the number of buyout applications exceeds the buyout limit established for a particular competency, approval will be based on the following “tiebreaker” criteria in priority order:

• Grade levels GS-14 and GS-15
• Eligibility for optional retirement
• Eligibility for early-out retirement
• Federal Service computation date