Voluntary Separation Incentive Payment Adjustment Act of 2017'

Bill 115 s 1888, also known as the Voluntary Separation Incentive Payment Adjustment Act of 2017, is a piece of legislation introduced in the US Congress. The purpose of this bill is to make adjustments to the Voluntary Separation Incentive Payment (VSIP) program for federal employees.

The VSIP program allows federal agencies to offer employees incentives to voluntarily separate from their positions. This can help agencies reduce their workforce and save money. However, the program has certain limitations and restrictions that this bill aims to address.

The Voluntary Separation Incentive Payment Adjustment Act of 2017 proposes changes to the VSIP program, including increasing the maximum amount of incentive payments that can be offered to employees. It also seeks to extend the eligibility of certain employees to participate in the program. Additionally, the bill includes provisions to ensure that the VSIP program is cost-effective and does not result in unnecessary spending. It requires agencies to report on the savings achieved through the program and to provide justification for offering incentives to employees. Overall, the Voluntary Separation Incentive Payment Adjustment Act of 2017 aims to improve the efficiency and effectiveness of the VSIP program for federal employees. It seeks to make necessary adjustments to the program to better meet the needs of federal agencies while ensuring responsible use of taxpayer dollars.