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Voluntary Separation Incentive Payment (VSIP) allows agencies that are downsizing or restructuring to offer employees lump-sum payments up to $25,000 as an incentive to voluntarily separate. The amount received is reduced by Fed and state taxes, social security, and Medicare, as applicable. Eligibility for VSIP requires an employee be employed by an Executive Branch agency for at least three (3) continous years without a time limit and not be-- ?? a reemployed annuitant; ?? otherwise be eligible for disability retirement; ?? recipient of a notice of involuntary separation for misconduct or poor performance; ?? recipient of any previous VSIP from the Federal Government; ?? on a service agreement for which-- ?? a student loan repayment benefit was paid, or is to be paid, during the 36-months preceding the date of separation; ?? a recruitment or relocation incentive was paid, or is to be paid, during the 24-months preceding the date of separation; and ?? a retention incentive was paid, or is to be paid, during the 12-months preceding the date of separation. If you receive a VSIP and later come back to Federal Service within 5 years of the date of the separation on which the VSIP is based, you must repay the entire amount before your first day of reemployment. This includes working under a personal services contract or other direct contract with the Government. The top 10 questions related to VSIP can be found at https://lnkd.in/gC_9XbzF OPM's page on VSIP is at https://lnkd.in/gX9yWvtv DISCLAIMER: Information is provided for situational awareness. I am not an HR professional but an HR enthusiast having been a Chief of Contracting and Federal supervisor. Please consult with an attorney knowledgeable in Federal employment law before making any decisions that impact your Federal employment status.