Voluntary Early Retirement Authority question


Q. I am 68 years old with 30 years of federal service. Would I qualify for a VERA?

A. The VERA is designed to encourage employees who aren’t eligible to retire under the usual rules to do so. They can do that if they are age 50 with at least 20 years of service or at any age with 25. You are already eligible to retire on an immediate unreduced annuity, so the Voluntary Early Retirement Authority doesn’t apply to you. On the other hand, you would be eligible to accept a Voluntary Separation Incentive Payment if one were offered to you.


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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