Employment and Buyout Incentives
GGD-96-168R: Published: Aug 22, 1996. Publicly Released: Aug 22, 1996.
Pursuant to a congressional request, GAO reviewed federal agencies' use of employee buyout incentives, focusing on the number of federal employees who have received both an employment inventive and a buyout incentive or a commitment for a deferred buyout incentive. GAO noted that: (1) from January 1992 through September 1995, 52 federal employees in the eight agencies reviewed received both an employment incentive and a buyout incentive or a commitment for a deferred buyout incentive; (2) the Department of Defense had 38 of the 52 employees who received both types of incentives; (3) the other 7 agencies had from 1 to 4 employees that received employment and buyout incentives; (4) the 52 employees received an average employment incentive of $9,732 and an average buyout incentive of $21,490; and (5) the time from which employment incentives took effect to the time which buyout incentives took effect averaged about 12 months.