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Thursday, June 5, 2008

What is a VSIP?

VSIP is an acronym for Voluntary Separation Incentive Payment. Sometimes a VSIP is called a buyout

"...Under VSIP, agencies may pay up to $25,000, or an amount equal to the amount of severance pay an employee would be entitled to receive, whichever is less...."    

Source: postal-edaily.blogspot.com