Q. I am older than age 50 with 20 years of federal service. I fall under FERS. If I’m offered an early-out and I accept and then turn around and take another federal position, what are the ramifications? If I’m given a Voluntary Separation Incentive Pay for leaving, I realize that I will have to pay that back before starting my job. Will I be able to collect that if I hold another federal job, or does that discontinue once I start the federal job?
A. Your annuity would stop and you’d just be a regular employee. You wouldn’t be able to retire again until you either met the standard age and service requirements to do so or were offered another Voluntary Early Retirement Authority.