SEC Reportedly Offers $50K Buyouts to Certain Employees

The U.S. Securities and Exchange Commission is reportedly offering eligible employees $50,000 to voluntarily resign or retire by early April.

According to third-party reporting, a memo sent on Friday, Feb. 28, by SEC’s Ken Johnson, chief operating officer, to all staff offered a voluntary separation incentive program, or VSIP, and a voluntary early retirement with a one-time lump sum payment in the amount of $50,000. Employees have until 11:59 p.m. ET on March 21 to respond and until April 4 to separate.

To be eligible, employees must have been on the SEC’s payroll before Jan. 24, and they must leave either through resignation, immediate retirement, or transfer to another agency. If an individual accepts the agreement and returns to the SEC within five years, they must pay back the incentive in full, the memo reportedly states.

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