The U.S. Securities and Exchange Commission (SEC) will offer financial incentives to eligible employees upon resignation or retirement amid ongoing staff turnover at the regulatory agency.
According to Bloomberg on the 4th (local time), the SEC will require employees who resign or resign by April 4th to pay DOE, a cost-cutting policy of the Trump administration.
The proposal, described as a "voluntary retirement incentive" or "voluntary early retirement program," was filed on Feb. 27 by the SEC.
The announcement was made in an email sent to all employees by Chief Operating Officer Ken Johnson.
The deadline for applying for the incentives is March 21st, and applicants must have been employed at the SEC before January 24th.
Applicants must have voluntarily resigned, transferred to another institution, or retired, and may not rejoin the SEC within five years.
The memo states that if the company decides to withdraw its incentives, it must return the full amount.
The move comes as part of efforts to reduce the number of federal employees through the Department of Government Efficiency (DOGE), led by President Donald Trump.
The government reported that it has cut more than 100,000 of its 2.3 million federal employees through layoffs and voluntary retirements.
2025/03/04 15:38 KST
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