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How is the VSIP payment calculated?

calculated payment vsip
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How is the VSIP payment calculated?

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VSIP is calculated using the severance pay formula in Title 5, United States Code (U.S.C.), Section 5595c. Using this formula, any severance pay previously received must be deducted from the employee’s lifetime entitlement. The final VSIP amount is equal to $25,000 or the amount of severance pay the employee would be entitled to using this formula, whichever is less.

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