Q. I’m 49, with 26 years in the NAF retirement program. I won’t be accepting a transfer of function outside my commuting area, so I’ll be involuntary separated. Based on everything I’ve read in AR215-3 3-25, I should be eligible for both discontinued service retirement and severance pay.
Severance pay would be authorized in my case since my immediate annuity will be reduced 12 percent based on my age (2 percent for every year I’m away from 55).
I’m now hearing that the following paragraph would prevent me from receiving severance pay: AR215-3 3-25 h. “Exclusions from severance pay. Severance pay will not be paid when the employee — (4) Is entitled to an immediate annuity that is not reduced because of the employee’s age at the time of retirement.”
Is this correct, or will I be authorized both DSR and Severance pay?
A. What you read in AR215-3 3-25h is correct. Because you’ll be entitled to an immediate annuity, you won’t be eligible for severance pay.