TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

VOLUNTARY SEPARATION INCENTIVE PAY [1 record]

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Filter results by subject field

Alphabetical list of terms

Record 1 2013-08-13

English

Subject field(s)
  • Remuneration (Personnel Management)
  • Social Security and Employment Insurance
CONT

Voluntary separation incentive pay-VSIPs (also know as buyouts) are payments of up to $25,000 paid to encourage permanent employees to resign or retire. Eligible employees may separate from service voluntarily (either by retirement or resignation) to avoid or minimize the need for involuntary separations due to RIF or workforce restructuring.

French

Domaine(s)
  • Rémunération (Gestion du personnel)
  • Sécurité sociale et assurance-emploi
DEF

Montant forfaitaire offert par un employeur à tous les salariés permanents qui remplissent les conditions d'âge ou de service, s'ils acceptent de prendre leur retraite avant terme pour quitter définitivement leur emploi.

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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