Top VSP abbreviation meanings updated September 2020 The employee must: Employees in the following categories are not eligible for a VSIP: An agency computes a Voluntary Separation Incentive Payment on the basis of the lesser of: The amount that the employee actually receives is less than the amount determined using the above computations because of the deduction of taxes, including Federal, state, social security, and Medicare, as appropriate. Very Serious PersonA derisive attribution used to mockingly describe persons deemed sincere or trustworthy by popular media narratives, even when their opinions or positions may be factually in doubt… Acronym Finder, All Rights Reserved. When authorized by the Office of Personnel Management (OPM), an agency may offer VSIP to employees who are in surplus positions or have skills that are no longer needed in the workforce who volunteer to separate by resignation, optional retirement, or by voluntary early retirement, if approved. Rate it: VSP: Very Secure Payment In case of emergency involving a direct threat to life or property, the individual: Has skills directly related to resolving the emergency; and. The Voluntary Separation Incentive Payment Authority, also known as buyout authority, allows agencies that are downsizing or restructuring to offer employees lump-sum payments up to … © 1988-2020, This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Sports. If the proposed employment is with an agency other than the General Accounting Office, the United States Postal Service, or the Postal Rate Commission, the Director of the Office of Personnel Management may, at the request of the head of the agency, waive the repayment if: This website uses features which update page content based on user actions. Meaning; VSP: Vision Service Plan: VSP: VPN (Virtual Private Network) Service Provider: VSP: Variable Speed Pump Visit the VSP Provider Hub, Retirement savings plan with a company contribution, Generous paid vacation and holiday calendar, On-site fitness center, wellness classes and fitness center discounts. Will serve on a temporary basis only as long as the individual's services are made necessary by the emergency. Business » General Business. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. With cost-free medical options, a generous 401(k) plan, and tuition reimbursement, we support our employees' wellness at all stages of their lives. Rate it: VSP: Vendor Supplied Product. Feedback, The World's most comprehensive professionally edited abbreviations and acronyms database, VPN (Virtual Private Network) Service Provider, Visakhapatnam Steel Plant (Visakhapatnam, India), Vehicle Specific Power (vehicle emissions), Velocity Sports Performance (various locations), Volontari in Servizio Permanente (Italian: Volunteers in Permanent Service), Visual Sample Plan (software tool for modeling building contamination), Vehicle Safety Program (various locations), Variable Staffing Pool (various locations), Victim Services Program (various locations), Vegetative Storage Protein (plant biology), Viable Salmonid Population (US Endangered Species Act), Variant-Specific Surface Protein (molecular biology), Virtualization Service Provider (Microsoft Windows), Vent Sizing Package (calorimeter; Fauske & Associates, LLC), Vegetation Sample Plot (various organizations), Visual Street Performance (Lisbon, Portugal graffiti exhibition), Virtual Software Processor (coverification/cosimulation technology), Vukuzenzele Sekusile Party (South Africa), Velocity Seismic Profile (oil exploration), Video Standards Profile (now called VISP), Vertical Support Post (space flight; US NASA). Each agency must develop a VSIP plan to describe why the program is needed, how it will be implemented, and which employees will be eligible. . VSP: Variable Soft Sphere. Not be included in any of the ineligibility categories listed below. Looking for the definition of VSP? Rate it: VSP: VoIP Service Partner. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Get instant explanation for any acronym or abbreviation that hits you anywhere on the web. Be serving in an appointment without time limit; Be currently employed by the Executive Branch of the Federal Government for a continuous period of at least 3 years; Be serving in a position covered by an agency VSIP plan (i.e., in the specific geographic area, organization, series and grade); Apply for and receive approval for a VSIP from the agency making the VSIP offer; and. By allowing employees to volunteer to leave the Government, agencies can minimize or avoid involuntary separations through the use of costly and disruptive reductions in force (RIFs). "VSP." We're doing our best to make sure our content is useful, accurate and safe.If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly. Abbreviations.com. Have a disability such that the individual is or would be eligible for disability retirement; Have received a decision notice of involuntary separation for misconduct or poor performance; Previously received any VSIP from the Federal Government; During the 36-month period preceding the date of separation, performed service for which a student loan repayment benefit was paid, or is to be paid; During the 24-month period preceding the date of separation, performed service for which a recruitment or relocation incentive was paid, or is to be paid; and. Computing » Telecom. Our competitive benefits package provides our team and their families with the tools they need to stay healthy, inside and out. Rate it: VSP: Virtual Session Players. Definition; VSP: Vision Service Plan: VSP: VPN (Virtual Private Network) Service Provider: VSP: Variable Speed Pump: VSP: Visakhapatnam Steel Plant (Visakhapatnam, India) VSP: Virginia State Police: VSP: Vertical Seismic Profile (geophysics) VSP: Vizag Steel Plant (Visakhapatnam, India) VSP: Vehicle Specific Power (vehicle emissions) VSP: Virtual Space Time Product: VSP With cost-free medical options, a generous 401(k) plan, and … During the 12-month period preceding the date of separation, performed service for which a retention incentive was paid, or is to be paid. An amount equal to the amount of severance pay the employee would be entitled to receive, as computed under 5 U.S.C. The proposed reemployment is with an executive branch agency; The individual involved possesses unique abilities and is the only qualified applicant available for the position; or. 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VSPs include the zero-offset VSP, offset VSP, walkaway VSP, walk-above VSP, salt-proximity VSP, shear-wave VSP, and drill-noise or seismic-while-drilling VSP.