Q. I am a FERS employee with a service computation date of Feb. 4, 2004. I have only been able to carry Federal Employees Health Benefits in the last four years and eight months because of a split in service. We are now being offered a Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay buyout. Would I be able to accept this buyout and still keep my FEHB even though I do not have a complete five years of coverage?
Browsing: VERA
Q. I am 52 with 32 years of federal service under CSRS. If I was offered a Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay, what would that do for me? I have been told that under VERA, I would receive 5 years toward my service. Does that mean my retirement would be based on 37 years service, but take a 6 percent loss due to my age? I would also be able to receive my pension right away.
Q. My agency has announced their intent to restructure my organization and to offer early retirement and buyouts. I understand that my annuity will be immediate with no reduction for age, and that I can receive the special retirement supplement at age 56 until age 62 when Social Security kicks in. I would be age 49 at the time of retirement with 25 years of service. I do not understand how the Federal Employees Health Benefits will work. Will I be responsible for the full amount of the premium after retirement, or will there still be a portion paid by…
Q. I am a FERS employee who is 57 years old with not quite 25 years of service. I am being offered a Voluntary Early Retirement Authority along with Voluntary Separation Incentive Pay ($25,000). Would I be eligible for the special retirement supplement if I accept the VSIP? Would I be eligible if I don’t accept it? Is it true that, if I accept the VSIP, I can never apply for disability? That’s what I was told by my HR office. I am being given a very short (30-day) window in which to make all of these decisions.
Q. I receive Veterans Affairs Department disability pay, I am entitled to receive military retirement pay at age 60, and I may be retiring from the post office soon either by medical disability or voluntary early retirement. Can I receive all three pays concurrently?
Q. If I retire early at 50 years of age with 30 years of service under FERS, I understand I’d have to wait until my minimum retirement age to receive the special retirement supplement. What reductions would I have in my retirement annuity? Would I be able to receive monthly Thrift Savings Plan annuity at age 50?
Q. I have 20½ years of service — 17¼ under 6c (currently serving) and 7½ years of military that I bought back; 28 years total. If my agency gets Voluntary Early Retirement Authority, when would I be eligible for the special retirement supplement under FERS 6c?
Q. I am a FERS employee with 28 years of service and just turned 56 years of age. If there was a Voluntary Early Retirement Authority offered, would I be eligible for the special retirement supplement?
Q. If I take the early retirement offered to me, being under FERS, will I receive the incentive pay?
Q. If I submit my application for Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay and my VSIP incentive is denied, will I be forced to retire/resign? I have 24+ years and am over 58 years of age. My position is “overhire,” and we are undergoing furlough with very likely RIF.