Early retirement


Q. I am under the FERS retirement system. I am 49 with 21 years of service. I am being told there will be a VERA/VISP offered this fall and next spring. I will turn 50 during the VERA/VISP timeline. If I take the VERA, will my government annuity be reduced by the 5 percent per year?

A. If you accept an offer of early retirement, you will be exempt from the 5 percent-per-year age penalty.


About Author

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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