75,000 Federal Workers Accept Buyout Offer After Deadline Closes

5Mind. The Meme Platform
The Epoch Times Header

On average, 6,250 civil servants opted to leave the government under the president’s plan.

About 75,000 federal workers accepted the Trump administration’s retirement buyout offer, allowing them to receive full pay and benefits until Sept. 30 while being exempt from daily attendance rules and layoffs.

The figure was confirmed to The Epoch Times by a senior administration official after it was first reported by Semafor.

The 75,000 figure represents approximately slightly below four percent of the 2.3 million federal civil service workforce, not all of whom were eligible for the buyout offer. On average, 98,669 federal employees retired annually between 2000 and 2023, according to data compiled by the U.S. Office of Personnel Management (OPM).

The difference is the Trump buyout offer—officially known as the Deferred Retirement Program (DRP)—was accepted on average by 6,250 employees each day during the abbreviated offer period of January 28 to February 12.

The average daily retirement total filed each day since 2000 was 274.

Originally, the offer was to expire on Feb. 6, but a federal court challenge against the DRP by a coalition of organizations led by the American Federation of Government Employees (AFGE), which represents about 800,000 civil servants, extended the deadline through February 11. The court ended the litigation on Feb. 12, allowing the DRP to continue.

“Today’s ruling is a setback in the fight for dignity and fairness for public servants,” AFGE National President Everett Kelley said in a Feb. 12 statement. Kelley added that “AFGE’s lawyers are evaluating the decision and assessing next steps.”

There are two main federal retirement programs, with the older one, the Civil Service Retirement System (CSRS), which provides an average monthly annuity of $5,447. The second program, the Federal Employees Retirement System (FERS) offers an average monthly annuity of $2,126.

There are big differences between the two programs. The much older CSRS is a defined benefit program that calculated annuities on the average of an employee’s highest three years of salary and guaranteed 56 percent of that amount each month.

Contact Your Elected Officials
The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Don’t Miss the Jazz Renaissance Happening All Around You

A genuine renaissance is underway in jazz, carried by musicians of astonishing ability and artistic character.

The New Russian-Indian Military Logistics Pact Sends Five Messages To The World

These five messages collectively show that Russia isn’t at risk of becoming a Chinese vassal nor is India at risk of becoming an American one.

NOT Trump’s 3rd Assassination Attempt and Definitely NOT Fake!    

This is not the the “third assassination attempt” on the life of President Donald Trump as much of the media is reporting.

Not Again! Lax Security Places Trump In Grave Danger

It happened again, a deranged leftist, Cole Allen, fueled by hate, came too close to assassinating President Donald Trump at the WHCA Dinner.

24/7 LGBTQ+ TV Station Applies For License Two Weeks After Hungary’s ‘Far-Right’ Unseated

After Viktor Orbán’s defeat to a more EU-friendly rival, the European Court of Justice struck down Hungary’s Child Protection Law.

Shooting Suspect Sought to Kill Trump, as Many Cabinet Members as Possible, Says US Attorney

The suspect in shooting at the WHC Dinner allegedly sought to kill President Donald Trump and as many Cabinet members as possible.

DC Gala Shooting Suspect Charged With Attempting to Assassinate Trump

DOJ has charged Cole Allen, the suspect in the White House Correspondents’ Dinner shooting, with the attempted assassination of President Trump.

Trump Calls for Jimmy Kimmel’s Firing After Joke Mocking First Lady

President Donald Trump on April 27 called for late-night host Jimmy Kimmel to be fired following a skit that mocked First Lady Melania Trump.

Trump Appears to Support Renaming of ICE

President Trump backed a proposal to rename ICE to “NICE", adding the word National’ to Immigration and Customs Enforcement,

Treasury Sanctions Iran-Linked Chinese Oil Refinery, 40 Vessels

The Treasury Department sanctioned a Chinese refinery and 40 shipping firms and vessels found to be providing a lifeline to the Iranian oil economy.

Trump Admin Begins Process to Downgrade Marijuana Classification

The Trump administration announced plans to reclassify approved marijuana products as a less dangerous drug under federal law.

Gas Prices Will Return to Low Levels After Iran Conflict Ends, Bessent Says

Treasury Sec. Scott Bessent said relatively high gas prices will not last long but any change is contingent on when the US and Iran cease hostilities.

Trump Participates in Historic Bible-Reading Marathon to Celebrate Nation’s 250th Anniversary 

President Trump read passages from the Bible on April 21 from the Oval Office at the White House as part of the “America Reads the Bible” celebration.
spot_img

Related Articles

Popular Categories

MAGA Business Central