VSIP

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Q: If a person is 61 with 30 1/2 years of service (CSRS), can they still be offered a VSIP? If they have already submitted paperwork for the retirement process, could it still be offered?

A: No. The purpose of the Voluntary Separation Incentive Program is to provide a financial incentive that will encourage employees to leave who would otherwise not do so. Of course, you could pull back your retirement application and wait to see if you’d be offered a VSIP in the future.

 

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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