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Uploaded: Wednesday, April 29, 2009, 10:50 AM
NASA Ames offers buyouts to employees
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A source at NASA Ames has emailed the Voice a list of over 400 employees who have been offered buyouts worth up to $25,000 in exchange for leaving their jobs.
The news comes after the local branch of the space agency realized it had to make $100 million in cuts to its $793 million budget last year.
The source says layoffs have not been proposed yet. If layoffs are proposed, it would probably take at least a year and a half for Ames to get through the federal requirements for doing so.
Starting April 27, the eligible Ames employees can accept the buyout offer, which is equal to each employee's severance pay entitlement, up to $25,000. The eligible positions include biologists, engineers, psychologists and even the director of partnerships.
An announcement sent to employees says that those who take a buyout must leave by June 30.
— Daniel DeBolt Are you receiving Express, our free daily e-mail edition? See a sample and sign-up for Express.
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Posted by aj, a resident of the Whisman Station neighborhood, on Apr 29, 2009 at 2:09 pm *sigh*; i thought government sector would be safe - an looking to go in that science direction (currently studying geology)
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Posted by John, a resident of another community, on Apr 30, 2009 at 7:33 am If experience of other federal agencies is a guide, almost all these buy-outs will be taken by employees who are planning to retire during July-December 2009 anyway. It does not make financial sense for anyone else to take it. People are better off getting laid-off because the benefits of doing so are more valuable that $25K ($16K -$17K after taxes).
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Posted by Grant, a resident of another community, on Apr 30, 2009 at 11:21 am The government was offering $25,000 buyouts in the 80's. You would have thought they would raise the buyout for inflation, at the least make it tax free. Otherwise it's not really worth it.
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Posted by The Dad, a resident of the Cuesta Park neighborhood, on May 1, 2009 at 6:16 am Buyout? More like "Bye....Out!"
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Posted by Ron, a resident of the Old Mountain View neighborhood, on May 1, 2009 at 8:13 am How come the center director is not on the list if he is losing $100 mln from the less than $800 mln annual budget?
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