VERA and special retirement supplement

0

Q. I am a FERS employee with a service computation date of March 30, 1986, and a retirement SCD of Feb. 4, 1982 (I had 4+ years of active duty, for which I made a military deposit.)

My birthday is Feb. 15, 1959, so I will be 55 in February 2014 and 56 in February 2015.

If I were to receive and accept a Voluntary Early Retirement Authority offer in 2014, would I still receive the special retirement supplement until I turn 62?  If so, would it start immediately when I retired, or would I need to wait until I turned 56?

A. If you accept a VERA, you would only be eligible for the special retirement supplement when you reach your minimum retirement age, which is 56.

Share.

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.

Leave A Reply