The Voluntary Separation Incentive Payment (VSIP), also known as a federal buyout, is an offer made to eligible federal employees to encourage them to voluntarily separate from service. This program is used by agencies during times of budget cuts, downsizing, or organizational restructuring to minimize involuntary terminations. VSIPs provide financial compensation to employees who cho... https://www.federalpensionadvisors.com/post/voluntary-separation-incentive-payment