Top officials at the Department of Education informed employees that the Trump administration’s deferred resignation package could be revoked, leaving staff without promised pay. The memo asserts that the government’s assurances in the resignation package are binding, and employees can request to rescind their resignations if commitments aren’t upheld. However, it also includes a clause allowing agency heads the discretion to rescind agreements and specifies that employees would waive their right to challenge the rescission in any forum. Labor unions and Democratic officials have sued the Trump administration’s resignation program, warning workers may not receive promised benefits and calling it a coercive tactic.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Department of Education is warning employees that a resignation package offered under the
00:06Trump administration could be taken away, meaning staff might not be getting the pay
00:10that they were promised.
00:11The new memo says that the government must honor its commitments and employees can take
00:15back their resignations if those promises aren't kept.
00:18But there's a catch.
00:19Agency leaders have the power to cancel those agreements and workers wouldn't be allowed
00:23to change the decision.
00:25Now, labor unions and Democratic officials are suing, calling the program unfair and
00:29warning that employees could lose out on their benefits that they were expecting.
00:32For all things money, visit Benzinga.com slash GSTV.