VERA and VSIP

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Q. I am 51 on Dec. 19, 2017. I have been with the government for 34 years. I have been offered Voluntary Separation Incentive Payment and Voluntary Early Retirement Authority. Can I take advantage of both? If I accept the VSIP and get the $25,000 buyout, can I keep my health insurance and benefits for life thru VERA? From my understanding, if I accept the VSIP, I will lose my health benefits in 18 months. Since I qualify for both VSIP and VERA, can I take both and get the buyout and keep the health benefits?

A. Yes. You can retire under the VERA, accept the VSIP, and continue your FEHB coverage in retirement.

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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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