Q. Is the Voluntary Separation Incentive Pay/Voluntary Early Retirement Authority a bonus pay or a severance pay?

A. A VERA is neither a bonus nor severance pay. It’s only an opportunity to retire before meeting the usual age and service requirements. A VSIP is a financial incentive to leave the government, either by resignation or retirement.


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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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