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Buyouts official plan announcement
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<blockquote data-quote="vantexan" data-source="post: 1069000" data-attributes="member: 24302"><p>I just looked at it, and it does appear that it's available to all employees, FT and PT, with at least 5 years of continuous service. There aren't any specific groups targeted that I can see, and it'll be handled on a workgroup by workgroup basis, depending on operational needs as to how many in a workgroup will be allowed to take the buyout. If 8 in a workgroup want it, for example, and they are only allowing 3 out of that group, then the three most senior who want it get it. There's and updated Q & A dated 12/17 that explains it. They are sending out packets to al eligible employees in February, and you have to decide by April 1st. Interesting detail is that if you have 20 years of continuous service plus at least one day, then for purposes of the buyout you'd have 21 years and get 21 months, not 20, of pay.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1069000, member: 24302"] I just looked at it, and it does appear that it's available to all employees, FT and PT, with at least 5 years of continuous service. There aren't any specific groups targeted that I can see, and it'll be handled on a workgroup by workgroup basis, depending on operational needs as to how many in a workgroup will be allowed to take the buyout. If 8 in a workgroup want it, for example, and they are only allowing 3 out of that group, then the three most senior who want it get it. There's and updated Q & A dated 12/17 that explains it. They are sending out packets to al eligible employees in February, and you have to decide by April 1st. Interesting detail is that if you have 20 years of continuous service plus at least one day, then for purposes of the buyout you'd have 21 years and get 21 months, not 20, of pay. [/QUOTE]
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