alevin
Well-known member
So the regional manager put out the word yesterday that VSIP/VERA are in the works, and to stay tuned. Oh boy, been waiting for that to show up for some time now. I was too young for it back in the mid90s, watched an older colleague jump on it, he went back to his home state and went into consulting, doing the kind of work-related activities he enjoyed and believed in, that were no longer supported by agency philosophy, even though they had been in his earlier career days, and which he had been very effective at doing and had seen the kind of on-the-ground results he believed in and had wanted to see result from his efforts. He was in the right time and place to take advantage of that buyout, I was not.
So here I am today, thinking I need to stay a couple more years for financial reasons (get to 62, a meaningful number in terms of FERS financial retirement), and help begin implementation of a longrange agency plan I've been helping develop for a number of years now. See it through to a good start. And yet out of the blue this spring, I've had an unsolicited private sector job offer, no salary negotiated yet, but which would be highly meaningful work 70% compatible with my envisioned goals and plans for retirement life when I get there. Some of my small-biz 1-person startup integrated ideas might end up on the sidelines for a few years if I go with this private-sector 3d party offer. And if I put some of my own ideas on sideline for a few years, I might end up never fully implementing my own ideas and living someone else's dream 100% instead. hmm. choices, life is full of them.
Back to VSIP/VERA, figured out yesterday that unless someone bends the rules, I would not be eligible for VSIP OR for severance pay in case of a subsequent RIF, due to fact that I hit my MRA a handfull of years ago, and finally met the 30 year mark a little over 6 months ago. If one is eligible for immediate retirement, which I now am, the rules state that I am not eligible for VSIP or RIF-related severance pay either one, because I am eligible for immediate retirement. So again, I'm not in the right time or place to jump on a buyout for exactly the opposite reason.
So if my position gets axed at end of the fiscal year, which is highly possible, I've decided to wait for the RIF to come, unless the open-ended 3d party current offer on the table ends up being time-limited in the meantime, at which point I will reconsider my options and start negotiating private sector salary more seriously (there have been some very light-touch conversations on the subject thus far, the principals aren't quite ready to move on their plan themselves just yet,but getting close). If I can't make the new job location, income and expenses pencil out as being at least equal in living costs vs income to what I'd be dealing with as a retiree with the other ideas I've been penciling out, I may offer to consult on parttime basis, rather than become fulltime resident employee.
It's exciting to have one more possible future on the table at this point in time, given the notice given by the regional manager on Friday.
So here I am today, thinking I need to stay a couple more years for financial reasons (get to 62, a meaningful number in terms of FERS financial retirement), and help begin implementation of a longrange agency plan I've been helping develop for a number of years now. See it through to a good start. And yet out of the blue this spring, I've had an unsolicited private sector job offer, no salary negotiated yet, but which would be highly meaningful work 70% compatible with my envisioned goals and plans for retirement life when I get there. Some of my small-biz 1-person startup integrated ideas might end up on the sidelines for a few years if I go with this private-sector 3d party offer. And if I put some of my own ideas on sideline for a few years, I might end up never fully implementing my own ideas and living someone else's dream 100% instead. hmm. choices, life is full of them.
Back to VSIP/VERA, figured out yesterday that unless someone bends the rules, I would not be eligible for VSIP OR for severance pay in case of a subsequent RIF, due to fact that I hit my MRA a handfull of years ago, and finally met the 30 year mark a little over 6 months ago. If one is eligible for immediate retirement, which I now am, the rules state that I am not eligible for VSIP or RIF-related severance pay either one, because I am eligible for immediate retirement. So again, I'm not in the right time or place to jump on a buyout for exactly the opposite reason.
So if my position gets axed at end of the fiscal year, which is highly possible, I've decided to wait for the RIF to come, unless the open-ended 3d party current offer on the table ends up being time-limited in the meantime, at which point I will reconsider my options and start negotiating private sector salary more seriously (there have been some very light-touch conversations on the subject thus far, the principals aren't quite ready to move on their plan themselves just yet,but getting close). If I can't make the new job location, income and expenses pencil out as being at least equal in living costs vs income to what I'd be dealing with as a retiree with the other ideas I've been penciling out, I may offer to consult on parttime basis, rather than become fulltime resident employee.
It's exciting to have one more possible future on the table at this point in time, given the notice given by the regional manager on Friday.
