Q. I am eligible to retire October 2014 under FERS at age 56 (my minimum retirement age). Are you allowed to take both the Voluntary Early Retirement Authority and Voluntary Separation Incentive Pay? If not, which would be smarter to take?
A. Yes, you can accept the VSIP and retire under the VERA.
2 Comments
I am 51 on Dec 19, 2017. I have been with the government for 34 years. I have been offered VSIP and Vera. Can I take advantage of both? If I accept the VSIP and get the $25,000 buyout, can I keep my health insurance and benefits for lifetime thru VERA? From my understanding, if I accept the VSIP, I will lose my health benefits in 18 months. Since I qualify for both VSIP and Vera, can I take both and get the Buyout and keep the health benefits?
A: Yes. You can retire under the VERA, accept the VSIP, and continue your FEHB coverage in retirement.