Re-employment after a VSIP


Q: It looks like our agency is going to offer buyouts/early outs. I know I would have to pay back the buyout pay if I go back to work for the federal government within five years. Does this restriction apply to quasi-governmental entities such as the Federal Reserve and the bank regulatory agencies that are funded by the regulated community?

A: The restriction applies to the Board of Governors of the Federal Reserve and the FDIC because they are federal agencies. Federal Reserve banks aren’t.


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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

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