VERA and special retirement supplement

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Q. I’m a postmaster who has been offered the buyout if I retire July 31. At that time, I will have 26 years and 10 months of Postal Service time. I also have four years of military time that I have bought back, plus seven months of sick leave time. My total creditable service time is 31 years and six months. Under VERA, I would be eligible for the special supplement. but because I’m already eligible to retire, I must retire that way. Would I still receive the special supplement? I won’t turn 60 until Oct. 17.

A. Because you have already met the age and service requirements to retire, you would be entitled to receive the special retirement supplement.

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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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