The U.S. Securities and Exchange Commission (SEC) has announced a unique opportunity for eligible employees to receive a $50,000 incentive if they choose to resign or retire by April 4. This initiative, revealed in an email from SEC Chief Operating Officer Ken Johnson, is in line with the previous administration’s goal of downsizing the federal workforce. The incentive program, a voluntary separation plan, requires eligible employees to make their decision by March 21.
Eligibility and Options
Employees who were on the SEC’s payroll as of January 24 can choose to resign, transfer to another agency, or retire immediately to benefit from this offer. However, if they decide to return to the SEC within five years after accepting the incentive, they will be required to repay the full amount. The SEC has not provided any comments regarding this incentive program.
Return to Office
Interestingly, the SEC has instructed all its employees, including union members, to resume office work starting April 14. This move comes in the wake of the voluntary resignation and retirement incentive, indicating potential shifts in the agency’s workforce dynamics.
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