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If an employee previously received severance pay, is the VSIP amount reduced?

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If an employee previously received severance pay, is the VSIP amount reduced?

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Yes. VSIP is calculated using the severance pay formula in 5 U.S.C. 5595(c), which includes a reduction for severance pay previously received. If the employee has already received the lifetime limit of 52 weeks of basic pay, he or she would not be eligible for VSIP.

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