Q. I am under FERS and will not be 62 until March 2016. My office is submitting paperwork to the Office of Personnel Management to extend Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay. I was considering retiring in December 2014, which would incur the early retirement penalty. Although I will have the age, I won’t have the years of service. My position may be identified as one that allows me to leave under VSIP.  If so, and I take early retirement under VSIP, will the penalty still apply?

A. No, it won’t.


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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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