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That's not right. There are only a few jobs that they can't take while on administrative leave. The only prohibition I'm aware of is taking a job with a direct conflict of interest with their federal position.
The administration was very clear about this basic point though. They strongly encouraged people to take private sector jobs while still receiving the administrative leave.
I know several people who took these deferred resignations and I've gotten a lot of the inside scoop on it.
They've been pretty unequivocal about being allowed to work another job right away and many people are already doing so.
The rumor mill has been nuts. I'm aware of that advice, too. It seems to largely be originating from the union stewards and is completely at odds with the official statements, that have been clear enough to almost certainly hold up in court.
My understanding of people who took it is honestly they are on vacation because if they start working somewhere else then the money gets cut off. Fed government losses are incorporated to a point, think of those fired,