• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • News
  • Topics
    • Common Sense
    • Congress
    • Debt
    • Government waste
    • Millenials
    • QuizCap
    • Taxes
  • Tools
    • Agencies
    • Memes That Matter
    • Research Library
    • Scavenger Hunt
  • Shop
  • What We’re About
  • Multimedia
  • What We’re About
  • Contact Us
  • Newsletter signup
  • Give to the Cause

SBA OIG: SBA’s Management of Voluntary Early Retirement Authority and Voluntary Separation Incentive Payment Program

May 1, 2017

Pursuit's Take

 

This audit report presents the results of our audit of the Small Business Administration’s (SBA’s) management of the fiscal year (FY) 2014 Voluntary Early Retirement Authority (VERA) and Voluntary Separation Incentive Payment (VSIP) program.  VERA provides agencies the option to offer voluntary early retirement when restructuring as well as when downsizing.  VSIP, often combined with VERA, allows agencies to offer lump-sum payments to employees who are in surplus positions or have skills that are no longer needed in the workforce, as an incentive to separate.  Our objective was to determine whether SBA accomplished its FY 2014 VERA-VSIP program goals.

We found that while SBA made limited progress in restructuring and reshaping the workforce, it did not accomplish its stated goals of the VERA-VSIP program.  As a result, SBA paid $2.1 million for early retirements for positions that were not restructured following VERA-VSIP.

Read the full report Artboard 1

sidebar

sidebar-alt

Support Our Work

Federal agencies go largely unchecked, spending at will making use of inflated budgets. While some do very important work, we need to hold them accountable. You can do this by donating, emailing your legislator, or signing our petitions.

Donate Now

Sign Up for Pursuit Updates

Privacy Policy

Powered by the Foundation to Restore Accountability

Search
UNCOVER SOME GOVERNMENT WASTE?
share your opinion

Can you believe the US Government spends more money on it’s cable bill than on disaster relief?

NO! I’M FURIOUS! Eh, sounds right