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Facing a Layoff? Ask Your Employer These Questions Now

Many federal employees are facing career transitions due to layoffs, early retirements and restructuring. If you find yourself in this situation, what financial action should you consider? Here are the key things to know before making a move.

If your transition is due to a layoff or early retirement package, you need to understand whether you’ll receive any money, and if so, how much and for how long. Also:

  • Will the money stop if you accept a new role?
  • Will you accrue sick leave and vacation time during your transition?
  • Will you be paid for unused leave at your final resignation date?
  • Will you accrue credits toward pension benefits if the offer is deferred?

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