Social Security Administration Offering Voluntary Buyouts Ahead of Job Cuts
The Social Security Administration (SSA) are offering workers a financial bonus if they voluntarily resign from their positions, with incentives ranging from $15,000 to $25,000, after the agency warned they will soon be…
The Social Security Administration (SSA) are offering workers a financial bonus if they voluntarily resign from their positions, with incentives ranging from $15,000 to $25,000, after the agency warned they will soon be making job cuts.
According to CBS News, a message was sent to Employees telling them the agency will be implementing a restructuring plan, including its workforce on Thursday.
The Office of Personnel Management were also advised that they submit plans to reduce its workforce and reorganize its structure by March 13.
Social Security Employees were offered three options before the cuts take place – they could be voluntarily reassigned; voluntarily take Early retirement; or take voluntary separation incentive payments, if they were eligible. Those who choose to take the latter must opt in by March 14 and leave by April 19.