Approve authority to the biggest and most onerous federal agencies to offer voluntary separation incentive payment (buyout) and early retirement (early-out) to Federal employees.
This approach is much better than tweaking salaries and benefits of current feds thus seriously affecting the livelihood of millions. Feds have become the sacrificial lambs of politicians only looking at govt. Salaries and Benefits to save money.
Considering that the average age of Feds is close to 50, approving these authorities would help those who entered the govt at a latter age and don't fully qualify yet and those eligible to retire accept an incentive and finally decide to leave. Since these Feds would likely be at the top salaries, the budget savings achieved would be considerable.