VERA & VSIP

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Q. Can an employee get both the VERA and the VSIP together?

A: Yes, if your agency offers you both. The Voluntary Early Retirement Authority is designed to encourage employees to retire if they meet the reduced age and service requirement: age 50 with 20 years of service or at any age with 25. The Voluntary Separation Incentive Payment is a financial incentive designed to encourage employees to leave, whether or not they are eligible to retire.

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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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