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US SEC offers staff $50,000 to resign or retire, memo says

  • The U.S. Department of Education is offering employees a Voluntary Separation Incentive Payment of up to $25,000, with a deadline of 11:59 p.m. On March 3 to accept the offer.
  • Most employees with at least three years of service qualify for the buyout, but certain exceptions apply.
  • Eligible employees can leave their positions effective March 31 and may combine the buyout with retirement benefits, with a stipulation against working for the federal government for five years.
  • A Department of Education spokesperson confirmed to Newsweek that staff were emailed about the buyout.
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USA Today broke the news in United States on Saturday, March 1, 2025.
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