VSIP payout in installments?


Q. Can you take the Voluntary Separation Incentive Pay payout over a period of time, not as a lump sum?

A. As a rule, the payout is in a single lump sum, although the Postal Service has done it in two equal payments. You’ll have to ask your agency what payout method they use.


About Author

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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