Severance pay and SRS with VERA or RIF?

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Q. I am a FERS employee. If my command is offering a Voluntary Early Retirement Authority and I retire at the any age and 25 years of service (I am 47 years old and have more than 25 years of service):

1. Will I get my special retirement supplement along with my retirement pay? Or will I not be entitled to the supplement?

2. If my command has a reduction in force instead, will I be able to get my severance pay plus voluntary retirement with my retirement plus the supplement until my MRA?

A. You wouldn’t be entitled to the special retirement supplement until you reached your minimum retirement age, which is 56 years and four months. Because you’d be eligible for discontinued service retirement, you wouldn’t be eligible for severance pay.

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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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