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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Know why US SEC is offering its staff $50,000 to resign or retire
Securities and Exchange Commission (SEC) are being offered a $50,000 incentive if they are willing to retire or resign as part of an early retirement program, according to an internal memo of the agency.
As per Bloomberg, the offer is a voluntary separation incentive or a voluntary early retirement program, with the deadline for the same being March 21.
What does it states?
The all-staff memo was sent by SEC's chief operating officer Ken Johnson on Friday (February 28).
Those employees, who have been on the agency's payroll before January 24 are eligible to apply for the same.
They will be required to voluntarily leave the organisation through resignation, transfer to another agency, or take immediate retirement.
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