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Army Employees Coming into this Week, Please Be Aware of VSIP Rules
Just wanted to put some info out there since tomorrow may see a slew of people getting these automated notices about MDR-ing and have 2 or 5 days to make a decision, one of which being taking a VSIP. From what I understand the automated notice does not do a VSIP calculation or verification for you. So...some points to highlight and consider:VSIP is typically the lessor of severance pay or a fixed amount (e.g. $25K). To get severance you need to have at least 12 months of continuous service. See https://www.opm.gov/policy-data-oversight/pay-leave/pay-administration/fact-sheets/severance-pay-estimation-worksheet/ to calculate your severance pay. In the Army Matching program, if the match is within the local commuting area and you decline, you might not be eligible for severance. If the match is outside the local commuting area and you decline the MDR, you might be eligible for severance. If you have a mobility agreement, you are SOL.Among exclusions from VSIP, here are some common disqualifiers:-Annuitants-Someone who got a VSIP before-Got a Student Loan Repayment incentive within 36 months prior to separation date/got a recruitment or relocation inventive within 24 months prior to separation date/got a retention incentive 12 months prior to separation date-TEMP/TERM Employees; *you need to be serving on an appointment without a time limit-
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